The Null Device
As Greece's economic problems raise fears of a possible collapse of the Euro, or even the end of the ambitious single currency, financial commentators are already publishing advice on how to profit from it:
Two: Buy the US dollar. Sure, it has its own problems. The US budget and trade deficits are huge. Wall Street is under attack from populist, crusading politicians. Its share of the global economy is in long-term decline. But with the euro gone, it would be the only serious reserve currency - at least until China decides to take on that role. Without any competition, the dollar would only strengthen.
Seven: Buy airlines. For a few years, the “new drachma” would make the Iraqi dinar look like a haven of stability. It would plunge, and wealthy northern Europeans would be taking three or four holidays a year on Greek islands. That would be great for the companies that fly tourists there. Add in the weakness of the new Portuguese escudo, Spanish peseta and Italian lira, and the guys at Airbus will be working nightshifts to keep up with the demand for new planes to get everyone to the beaches.Other advice is to buy into German bonds, the pound (though what about other non-Eurozone currencies such as the various Scandinavian ones?) and Italian shares (Italy's apparently likely to prosper in a post-Euro world), whilst avoiding Spanish banking shares and anything to do with Belgium (in a post-Euro world, it's merely "a small place where you can buy some nice chocolate and change trains").