Golden Sachs, the world’s leading global investment bank, has predicted that the euro will drop in value against the US dollar on account of uncertainty in Greece and other southern EU member states.

The US investment bank estimated that over the next 12 months the euro would drop to 0.95 dollars. Goldman Sachs predicts that the Fed will follow the path of normalcy in numismatic policy, whereas the European Central Bank will continue to maintain low interest rates, leading to a weakening euro.