I think what it does is let people know that the Yen and the Dollar are still the "World Currencies".
@Mr.Roques, I agree with you. Dollor and Yen will rule the world. Just couple of years back people were discussing about replacing dollor with euro as the global currency. Its shocking how things have changed in just couple of years.
Not convinced, though, the EU zone will completely crumble.
@Jenniferm, What the EU does next year to resolve the eurozone crisis will be of global significance. The individual measures needed to resolve the crisis have been widely discussed and are well known. But unless EU leaders completely change course and overcome political and legal obstacles there is little hope the current malaise can be overcome.
Himanshugupta & tech4people - Agree, an interesting analogy - a family of adults living together. Not convinced, though, the EU zone will completely crumble. While there is grumbling that German and France are calling the shots, it sounds like there is recognition that they are stronger together than separate. Another phrase, borrowed from U2 comes to mind - "can't live with or without" each other.
@tech4poeple, your predicton may be true but i think that it will be very unfortunate for the EU zone. The main vision of creating the EU zone was to unite Europe so that it could bipolarize the unipolar world after the fall of Soviet Union. Alas, the cultural and political differences are too much.
Nice analogy. Thing is most of the working adults in this house called Europe are tired of living under threats and leadership of the Joint Superpowers of the Eurozone(Germany and France).
So expect them all to go their seperate ways very,very shortly.Which will actually end up boosting growth very sharply(after the initial Devaluations).
The problem with the European financial crisis is similar to the problems of joint family where all independent adults live together and try to run the family according to their wish. The only solution seems like either everyone go their separate way or an adult take control of the situation and take some tough action to put the house in order. Both ways seems like offering a long term solution only and no immediate relief to the market.
EBN Dialogue enables and encourages you to participate in live chats with notable leaders and luminaries. Not only editors and journalists, but the entire EBN community is able to comment and ask questions. Listed below are upcoming and archived chats.
Archived Dialogues
Thailand Stages a Comeback Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Euro-Crisis: What It Means for High-Tech Firms Join EBN Editor in Chief Bolaji Ojo and Contributing Editor Jennifer Baljko on Thursday, July 12, at 10:00 a.m. EDT for a Live Chat on high-tech and Europe's economic difficulties.
Microsoft Surface: Potential Winners & Losers What are the implications for the electronics industry supply chain of Microsoft Corp.'s decision to launch its own tablet PC? Join industry veteran and EE Times' systems and OEM expert Rick Merritt on Tuesday, July 3, at 12:00 pm EDT for a Live Chat on this subject.
Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Peter Drucker famously said "Trying to predict the future is like trying to drive down a country road at night with no lights while looking out the back window." Yet in the razor's-edge world of electronics—with a lean supply chain and just-in-time demands—the need to know the future is vital.
You've heard the saying "the No. 1 supply chain risk is your people." That hasn't always been the case. But today's complex global supply chain requires a new type of multitalented employee. It's one who understands, finance, marketing, economics, is savvy with technology, graceful with relationships and can think analytically.
Where are these people? Are universities properly preparing the next generation supply chain professionals? How do train your existing workforce for these new, demanding positions?
Brian Fuller, editor-in-chief of EBN, will lead a 60-minute Avnet Velocity panel discussion that will ask and answer these and other questions swirling around today's supply-chain talent challenges.
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