Rahmi Koc is the patriarch of the $12 billion Koc Holding - - one of Turkey's top industrialist. Charlie Rose recently ask Koc his prediction on the euro. This was his response:
"Europe has no chance but to make the euro survive - - I can't even imagine or think of restructure in my mind how it would be if they went back to their original currencies. But when you have a single currency, you have to have a single everything. If you don't have a single flag, single foreign policy, single economic policy, single monetary policy, it's very difficult to have a single currency because the countries that are not economically in good shape cannot devalue."
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