Chances of euro being axed slim

THE dollar hit a fresh nine-month high point against the euro yesterday, strengthening the belief that the euro could be dropped by some countries.

But like the immortal words of Mark Twain, rumours of the euro’s death have been greatly exaggerated.

It must be worrying, however, for the Eurocrats being forced to deny any threat to the currency which formally came into being in 1999 and which became a live currency on January 1, 2002. Weekend reports suggest that if the Germans, French or Italians were to quit the currency, the euro would be mortally wounded.