Thank you for the link. It does seem that analysts have been predicting that for months now. In a 2010 article, it was predicted more rough road ahead for Euro. I guess european leaders have done whatever they could to prevent this from happening. But the main question is how long the Eurozone will still stand.
Stochastic - I think you're right about what will happen if the euro tanks altogether. Doubt that will happen. There appears to be a concerted effort to save it.
Hospice - I don't know how far the euro will slide, but I don't suspect it will fall to a one euro-one dolar ratio. Look at this chart/story, and the cycle becomes pretty clear: http://blogs.reuters.com/felix-salmon/2011/12/14/should-we-care-about-eurodollar/
I think the big issue behind some of the disagreements are like any other conglomerates, the countries in the better financial situation are upset at the countries that are hurting the EU. Total dissolution of the Euro is always a possibility, but would do much more harm than good right now.
At this point I think the most important goal is to avoid total abandonment of the Euro. This would severely impact lending institutions and existing financial agreements internationally.
Should we expect Euro to worsen to reach near dollar parity? If this does happen who will profit the best? I have heard many times people complain that Euro was too strong and after all the current weakness of the European currency might be what many have hoped for.
It would seem this is a good time to make acquisitions in Europe with the euro being so low. But you can never really count on currencies remaining stable, which is why companies account for currency fluctuations in the first place. In general, high-tech seems to fare better than other industries during a downturn. Maybe this situation is unique to Europe this time around.
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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