The euro is here to stay

A breakup of the euro is politically and economically unthinkable, according to HSBC.

The euro is here to stay

The euro is here to stay and will eventually strengthen, according to David Bloom, global head of FX research at HSBC.

In a report released at the start of the year, he argued that although the eurozone’s fiscal crisis had worsened in recent months and that the political response had been slow and faltering, “the euro has proved resilient” despite regional bond and equity prices.

The strong external position of the...

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