Will The Euro Become The Most Hated Currency For 2010?

For the better part of 2009 the U.S. dollar was the world's most hated currency. But it's looking increasingly likely the tables could turn in 2010. And the euro could take over that unenviable title.

In recent weeks we've seen a surge in scrutiny over sovereign debt. First, it was announced that Dubai would be "restructuring" its debt (i.e. default). And then the focus quickly turned toward the Eurozone's weakest link — namely Greece.

This type of scrutiny can snowball quickly. Now other weak spots in the Eurozone, such as Spain, Italy, Ireland and Portugal are getting more attention. All of these countries are running massive budget deficits, many have huge debt burdens and all have muted prospects for growth.

Will The Euro Become The Most Hated Currency For 2010?