The Euro is heading for parity with the Dollar, as markets become increasingly unnerved by:
1 The likelihood of Greece ever repaying its debt
2 The severe austerity packages being introduced in Europe (Italy has just announced a 3 years Euro24BN austerity plan), and
3 The rolling takeover by the Bank of Spain of certain small banks.
Markets, once they build up sufficient momentum, are difficult to stop. The Euro's days may be numbered.