[SnuffaBolshevik]

"I suspect they’ll simply print Euros on the one hand (who is going to stop them? ) and repudiate their debt on the other."

That's an interesting point.

Where are Euros actually printed? A central location or does each member country crank their own out?

If the latter, that sounds like a license for disaster.

[Revel]

Yes they can:

http://www.polycapitalist.com/2012/05/greece-can-physically-print-its-own.html

[RKBA Democrat]

Each country prints its own.

And again, what would the EU going to do about it? Cancel all their currency? Invade? I think Vlad Putin might have some objections to that.