[pnh102]

Heh. Sounds more like there will be a rise in populist governments in Germany, France and the other productive nations in the EU that are sick of bailing out the losers and will themselves want to dump the Euro.

[Charles Martel]

So, if California (for example) had its own currency (besides the peso, I mean)...

[FromLori]

`The Euro is Doomed’

A senior U.S. intelligence source, who has been monitoring the Irish debt crisis by the hour, told EIR today that, in effect, the European Monetary Union is dead. For the past 72 hours, there has been a total freeze-up of the European corporate bond market. No capital has been raised, especially for Irish and Portugese companies. “It is worse than the freeze-up in the United States in 2008, and there are significant amounts of corporate paper reaching maturity in Europe, that must be rolled over.”

More http://www.larouchepac.com/node/16702

[Jolla]

If Germany and France had ventured into EURO land alone, the others may have followed, but those two brought in too many too fast and they will all sink together now.