Will the Euro Conquer What Napoleon Could Not?

The euro has been under tremendous stress over the past few months. Within the last month, the euro has had to sustain riots in Spain, threatened downgrades to Italy and Belgium, and continued problems in Greece. Various economic commentators have forecasted that these troubled nations might be kicked out of the Euro Zone. On Monday,Dennis Gartman predicted that Germany would get fed up and leave the Euro itself. Perhaps there's an alternative. A truly unified Europe. Business Insider argued in January that a "United States of Europe" could inevitably result from the continued strife over the euro. A centralized government able to control fiscal issues for the member states would go far in helping to solve monetary problems. With the stressors affecting the euro only intensifying over the past month, this unified solution seems even more potent. Or does it? There are obviously deep social divisions throughout the continent that could prevent such a scenario from playing out. A politically unified Europe may be bullish for the euro. Traders believing in such an outcome might consider CurrencyShares Euro Trust FXE. A fully unified Europe would affect the world's economy on a scale which can hardly be imagined. It might be the only solution.
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Posted In: Long IdeasCurrency ETFsForexGlobalEconomicsMarketsTrading IdeasETFsBusiness InsiderDennis Gartman
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