With so much uncertainty surrounding the state of the eurozone at present, there are some who are predicting that its very existence may soon come under threat. Just a few months ago the thought of an all-out euro collapse was considered far-fetched, but now we find ourselves considering the ‘what if’’ scenario.
The events of yesterday's summit in Brussels seem like a last desperate push to bring the eurozone countries closer together. Europe's leaders failed to agree a change to the EU treaties. Instead the new rules will be adopted by 17 members of the eurozone and 6 states that are willing to embrace the new rules. These new rules are aimed to impose stricter control of member countries' tax and spending plans and to impose automatic sanctions on countries that overspend. This tighter integration is hoped to strengthen member commitment to the eurozone cause, however the euro-sceptics suggest that this will just cause further tussles and fights. With the debt issue still unresolved, it is difficult to see the positives of last night's event.
The question many of us are now asking is “what will happen if the euro capitulates?” Nobody can say for certain, but if you are looking to move your assets out of the euro, procrastination is something you should perhaps avoid. As currency specialists we are currently catering for thousands of clients who have had precisely the same concerns.
Speak to us today to find out how we can help you reduce your euro exposure risk.

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