Where now for the euro as it reaches 10-year anniversary?

THE EURO

Managers voice optimism single currency will survive the sovereign debt crisis.

As the single currency turns ten years old, fund managers are optimistic it will survive the debt crisis, despite a think-tank putting the odds of eurozone breakup at 99%. The UK’s Centre for Economics and Business Research said last Monday there is a “99% chance” the eurozone will dissolve within the next decade, but managers are hopeful the currency will survive in some form. Forex markets observed the tenth anniversary of the euro entering general circulation with some strong selling of the currency last week. The euro fell to an 11-year low against the yen and moved below $1.28, a...