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#FXDebates video: German acquiescence may save the euro
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Nick Beecroft, chairman and Senior Market Analyst at Saxo Capital Markets, believes the euro is not a doomed currency and that Germany will prevent the Eurozone project from collapsing.
"In the last two years we've seen such enormous example of the political will to keep the project alive that this will continue and we've seen the ECB go so far from its Bundesbank heritage to also make the project survive. I think this will continue. Indeed, it will go into hyperdrive after the German elections this September," he says.
Nick Beecroft bets that within a year there will be German acquiescence to the creation of Eurobonds, which he says is one answer to the Eurozone crisis.
"In the last two years we've seen such enormous example of the political will to keep the project alive that this will continue and we've seen the ECB go so far from its Bundesbank heritage to also make the project survive. I think this will continue. Indeed, it will go into hyperdrive after the German elections this September," he says.
Nick Beecroft bets that within a year there will be German acquiescence to the creation of Eurobonds, which he says is one answer to the Eurozone crisis.