In 1998 I bet a YEM fellow that the euro would fall by 31st December 1999 to 50p.
David Davis
I was wrong, and paid him his £25.
David Davis
But if wrong on the date, I wasn’t wrong on the outcome. They’ll hold it together for another year, perhaps two. Then it will unravel and we will thankfully see Deutshmarks, Francs and Drachmas again. I believe Lira are already circulating in some Italian towns.
Working in London as I was, I was cosmopolitan enough to suggest publicly that Sterling and the Euro ought to circulate freely in the UK, along with US$, ChF, Aust$ and any other biggish currency that people wanted to use. The value of the Euro would then be quickly discovered. But nobody listened, of course. I was just a guy getting a nissen hut full of Chimpanzee Type-writers together, to be placed somewhere in Lancashire.
