I have just visited Brussels & Strasburg and the sheer enormity of the European Commission/Parliament and its instrumentalities in these cities indicates to me that there is not a snowballs hope in hell of the Euro Zone collapsing.It is simply a colossal organisation which took half a century to build.
Right wing politicians like the US Republicans would dearly love to see what they consider as the bastion of Socialism (The Euro Zone) collapse but that is simply wishful thinking and a ploy to take the heat off Uncle Sam.
The ECB ,given the mandate, can print all the Euros it wants which will cause inflation, which in turn will downvalue soverign debt and make Europe's two powerhouses, Germany & France ultra competitive versus Uncle Sam or even China.Imports to the EZ would be stemed and local employment rates would be greatly improved
The committment that I saw to the European Commission
throughout Europe says to me that a lazy few trillion Euros is chickenfeed relative to the US mountain of debt
and if push comes to shove, the Euro Zone will perform
rather than wither.
Cheers
Moorookamick
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