Gold is the only winner from the euro crisis
November 16 — Europe’s choices: Chaotic breakup or mass inflation.
As the euro struggles from crisis to crisis, it isn’t hard to identify the losers.
Peripheral country bonds have been hammered. Equities have struggled to make any progress all year. The main euro-zone banks have had to make huge write-downs on their holdings of Greek debt and have seen their shares collapse in value as a result. The euro itself has started to fall in value against other currencies, and almost certainly has a lot further to go. Read more.
