I've been predicting for the last year that the financial crisis in Europe could cause a collapse in the value of the Euro. With Greece now on the verge of leaving the Union, what will happen to Spain, Italy, Portugal and Ireland? In France especially, dissatisfaction with Germany essentially setting the continent's economic policy is growing. I don't know how they can keep the lid on much longer and am starting to think it is likely that the melt down will happen before the US election.
Saving the EU will cause a currency devaluation IMO and my past thinking was predicated on the notion that the EU would be saved. That theory is getting less and less likely. We may be seeing the beginning of the end of the EU and the emergence of a smaller union of countries as German satellites.