Well the Europeans now find themselves in very much the same situation as Americans in regards to their currency in the long run. The bailout of Greece's creditors is just the beginning and the moral hazard created by European politicians here all but ensures this won't end well. Up until early '08 I was invested in the Euro. I still have a bit lying around, but most of it has been converted to gold now. In the short term, I think the dollar's problems will outweigh the Euro's. But in the long run, they're both headed down the same path. And the writing has been on the wall for some time. It's not too late to reallocate and come out on top, though. So if you don't want to be burned by the "I told you sos", then don't be.