After nearly a year of surprising political developments, odds-on-favorite Emmanuel Macron’s victory in France last month was a welcome change and a relief for many. As the United Kingdom prepares for snap general elections and with negotiations with the EU expected to begin later this month, the issue of whether Brexit will be of the “soft” or “hard” variety remains in the foreground. The Eurozone project has long had its fair share of detractors, and for many Eurosceptics the Brexit referendum last year further reinforced the view that the eurozone is destined to fail. To be sure, there’s nothing really new about this. Back when the European Currency Unit (“ecu”) was officially replaced by the euro in January 1999, I was in my first year of university in the UK. In those days, Labour was in power and Prime Minister Tony Blair’s europhilia was juxtaposed with the “five economic tests” set by then-Chancellor Gordon Brown, who was far less enthusiastic about the eurozone’...
from GoldBroker.com https://www.goldbroker.com/news/gold-in-euro-with-10-year-horizon-only-positive-returns-1134
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