Economical analysyts across the globe agree; the euro will fall back to where it belongs, under the boot of the mighty American Dollar, in 2011.
The newest report by Bloomberg and Business Weekly has depressed, demoralized and devastated the collective soul of Europe, who since 2002 has held an ill-suited superiority complex after the Euro overtook the United States Standard Dollar, following the tragedy of 9/11.
Analysts agree that the euro will ‘fall to parity’ with the dollar by the end of 2011. After this, it will continue on an indirect sliding scale until the the dollar is 1/3 times stronger than the euro in 2012. Despite being a team-up of 16 nations, the euro will once again fall to the American Dollar.
The London-based economics research firm found that the euro will reach $1.10 by the end of 2010. By the end of 2011, the euro and dollar will match evenly, with the dollar sharing a slight trading advantage. After that point, the euro will continue to fall and the dollar will increase, as economies continue to normalize to pre-9/11 status.
Just over the last several months, the euro has plummeted a drastic 14.2 percent against the dollar. European confidence is wavering in the wake of a European market that has had to use nearly 1 trillion dollars to bail out the most indebted nations, some with drastically weak economies and no true gross domestic product of significant scale.
“Let’s not forget that the euro spent almost three of the first four years of its life below parity,” the report said. “If there is any possibility at all that its life may be coming towards an end, we see no reason why it should not drop to similar levels.”
By 2011, the American dollar will once again reign as the undisputed standard for international mercantilism and exchange. In 2012, the dollar will once again enjoy trading superiority versus the lowly euro.