Citigroup's (NYSE:C) Pandit: Euro Not Going Away

According to Citigroup (NYSE:C) CEO Vikram Pandit, he and the giant bank believes the "euro is here to stay."

Pandit added, "I think we are going to look at this as another one of these issues that we’ve put behind us."

Pandit also offered praise to how the European Union handled the situation, saying it was a "very good job," on Bloomberg television.

What was the good job? They simply through money at it to the tune of $975 billion. What's so great about that?

But then again we must consider the source, as Pandit was at the helm of Citigroup as it had to get taxpayer dollars in order to survive. So the idea to throwing money at problems is about all big bankers like Pandit can see as a solution to challenges like these.

Many analysts and investors believe the euro can't survive this crisis because Europe refused to defend it by allowing the situation to play out in the countries, showing them they were serious about adhering to the financial rules of the EU.

The euro of course won't immediately fail, but definitely could sometime in the next decade or so.