, Columnist
Everyone Hates the Euro
Bearish bets against the euro have reached a new record.
The currency market's doormat.
hotographer: Hannelore Foerster/BloombergThis article is for subscribers only.
Currencies are the equivalent of company share prices, only for countries or regions. In the same way as investors favor the stocks of well-run companies with healthy profit outlooks in expanding industries, money managers lean toward the currencies of nations with growing economies, political stability and well-run monetary policies.
On that basis, the euro region is in trouble. And with Greece running out of money, the future of the common currency itself is in peril, at least for those of us who fear that one member's exit could trigger an unpredictable unraveling.