I think this wave of downgrades done by the American agencies is part of a conspiracy, in which hedge funds (and perhaps Obama’s Administration, too) are involved, to destroy the euro and the European Union. Nevertheless, the euro and Europe will endure and prevail. When the euro was created more than 10 years ago, it started off at 90 cents of one dollar; today it is a $ 1.2265, which means, despite this downgrades charade, the euro is stronger than the dollar