French Analyst: Collapse of Euro 'Inevitable'

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A top European banking analyst in France says the collapse of the Euro is "inevitable."

Albert Edwards, French analyst and strategist of the Paris-based Société Générale, is one of many strategists who say the Euro cannot succeed.

The London Daily Mail reports that they warn there is too much difference between the strongest and weakest economies in Europe.

"My own view is that there is little 'help' that can be offered by the other Euro-zone nations other than temporary, confidence-giving 'sticking plasters' before the ultimate denouement: the break-up of the Euro-zone," Edwards said.

They say some are competitive in the world marketplace and others are not. And they warn that the healthy economies cannot be tied down by the weaker ones.

Right now, Greece is facing a serious economic crisis, leading to a debate over whether the strong European countries should bail it out.

Edwards says such a bailout will only delay the inevitable breakup of the European financial system.

The Euro has lost 10 percent of its value since November.

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