While the head of the European Central Bank called for a tightening of the union Thursday, “Fast Money” contributor Dennis Gartman stood by his call that the euro will unravel.
“Is it going to happen by next Tuesday? Oh, I don’t think so,” Gartman proclaimed. “Is it going to happen in the next several years? Of course it shall, it can’t continue the way it is continuing.”
Gartman first told “Fast Money” back in November that he believes the euro will break apart into a northern euro and southern euro.
But European Central Bank President Jean-Claude Trichet went in the opposite direction in a speech Thursday, calling for tighter central control of economic policy if the current debt crisis does not get resolved.
Gartman thinks it’s a nice idea, but said he doesn’t see Italy, Spain, Portugal or Greece jumping aboard and agreeing to turn over their finance policies to the European Union.
Of course, the “Fast Money” team couldn’t talk to the esteemed commodities trader without asking about commodities.