The acceptance of the euro and prospects for the US

Watch the full 39-minute video at http://www.goldmoney.com/hellmeyer-turk-interview. In this video Folker Hellmeyer, chief analyst at Bremer Landesbank, and James Turk of the GoldMoney Foundation, talk about the acceptance of the euro in the various countries of the eurozone as well as the prospects for the United States. Hellermeyer states that the euro is regarded very positively by most member countries, except for maybe Finland, Austria and Germany. He is rather bullish on the growth perspectives for Europe and believes that most of the current outlook is negatively impacted by political uncertainty. Once this is removed he projects 5% global growth and 1.7% to 3% growth in Germany, but with higher inflation. Regarding the United States, Hellmeyer points out that the loss of their production base as well as their meager tax revenues means that the US-economy is poorly positioned.

This video was recorded on November 4 at the Edelmetallmesse 2011 in Munich.