The future does not look very promising for the euro, the flailing currency of the European Union (EU). Speculation among many bankers, company executives, investors, government officials, and others that the euro is about to completely unravel are actually helping to fuel the currency's decline, say some, a process that many others, including euro architect Otmar Issing, have long believed was inevitable anyway.
The ongoing debt crisis in the "Eurozone," or the bloc of European countries that are part of the EU, is only continuing to worsen, and EU officials have been unable to come up with a viable policy solution to jump start the EU economy. Meanwhile, the local economies of Greece, Italy, and Spain are in rapid decline with no end in sight, and countries like Germany and Finland that have had to continually prop them are up are growing weary of having to keep the ship afloat, so to speak.
Read More: Euro Collapse Imminent, Experts Believe