Reagan Silber

What Will Become of the Euro?

The Eurozone may prove to be an experiment that failed, according to Adam Fisher, CIO and co-founder with Reagan Silber of CommonWealth Opportunity Capital. Mr. Fisher opined the possibility that the countries who now share the Euro will eventually let their currency devalue or dissolve.

Europe has just had to provide $140 billion in financial aid to Greece, which also received $6.9 billion from the International Monetary Fund, the first Euro zone country to benefit from this institution. Fisher predicted that Spain and Portugal would soon ask for EU zone financial help as well. It is situations like these that have led Fisher to make these predictions regarding the possible future devaluation of the Euro currency.