Euro may not survive this Christmas

The European debt crisis is gathering pace. The debt of the Eurozone countries totals 89 percent of the GDP vs. the required 60 percent. The crisis has hit both secondary and primary economies. The public debt of Greece makes up 166 percent of the GDP, Portugal - 106 percent. The largest economies of the region also exceed the limit: Germany - 83 percent of the GDP, France - 87 percent, Spain - 67 percent of the GDP.

Experts continue to bury the euro. Jacques Attali, the former president of the European Bank for Reconstruction and Development, said that the euro would only last before Catholic Christmas. There is no more than a 50/50 chance for the euro to survive until this Christmas, the economist said....more