Monday, June 04, 2012

[Insert Number] Days/Weeks/Months [Strike As Appropriate] To Save The Euro

George Soros is widely quoted today as saying there are only three months to save the Euro.

I have no idea whether he is right or wrong.  In fact, I have no better idea than the next man.  And it turns out the next man is full of ideas, all different.

6 weeks: In September 2011, George Osborne thought we had only six weeks to save it.

10 days: At the end of November last year, a leading EU monetary chief thought we had only ten days.

2 days: In December, some commentators thought we had as little as two days to make the save.

The one thing we know about predictions is that if you keep predicting something, it will eventually become true.  Except when the prediction is wrong.

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