Sunday, May 30, 2010

EURO Crisis

The EURO has dipped 20% against USD in just 2 mths. What a sad thing… seems like my salary and saving are slashed 20% if converted to Malaysian Ringgit. The tumbling of PIIGS has dragged the whole EU down. Germany and France have to blurt out astronomical figures to try salvaging the crisis, it pissed off many taxpayers. Now who can say the idea of regional single currency is invincible?

Middle East countries have idea to implement similar single currency policy. I reckon the crisis keeps them back-off now.