The easiest way to bet on a falling euro

Markets are realising that the €750bn bail-out package put together by Europe's leaders won't be enough to save the euro - the debt mountain is just too big. The currency is sliding, and it looks set to fall even further. John Stepek explains the easiest way to profit from the euro's woes.

The big story in Britain last week was the fact that Gordon Brown finally relinquished power to a new management team. And for the British people, it was very good news indeed.

The bad news is that, for the rest of the world and investors in general, Britain's election is something of a sideshow. The plight of Europe remains the story hogging all the financial headlines, and has been a key factor in last week's widespread sell-offs.

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John Stepek

John Stepek is a senior reporter at Bloomberg News and a former editor of MoneyWeek magazine. He graduated from Strathclyde University with a degree in psychology in 1996 and has always been fascinated by the gap between the way the market works in theory and the way it works in practice, and by how our deep-rooted instincts work against our best interests as investors.

He started out in journalism by writing articles about the specific business challenges facing family firms. In 2003, he took a job on the finance desk of Teletext, where he spent two years covering the markets and breaking financial news.

His work has been published in Families in Business, Shares magazine, Spear's Magazine, The Sunday Times, and The Spectator among others. He has also appeared as an expert commentator on BBC Radio 4's Today programme, BBC Radio Scotland, Newsnight, Daily Politics and Bloomberg. His first book, on contrarian investing, The Sceptical Investor, was released in March 2019. You can follow John on Twitter at @john_stepek.