if the euro collapses?, page-41

The reports from northern Europe are absurd. Markets are excited by reports that Germany, France and Brussels are working on a new “bailout” plan. But look at the details! Under the proposals, the European Union will help insure the debts of countries in crisis, but in return it will be given veto powers over the budgets of the countries in question. This idea can’t survive 10 seconds of serious thought. The Greeks are rioting over budget cuts proposed by their own governments. What possible chance is there that they — or the Italians, or the Spanish — would accept austerity measures imposed by Brussels?

..The only politically feasible way out of the European crisis is to turn on the printing presses. That either means letting the European Central Bank print more euros, or letting countries like Greece drop out of the euro, so they can print their own currencies. But so far neither is on the agenda. Germany won’t let the ECB print. And countries aren’t ready to drop out of the single currency. Until one of these happens, there will be no resolution to the crisis.

Read the complete report here;

http://finance.yahoo.com/news/10-reasons-crisis-isn-t-050142189.html

As always, this crisis will not be decided by governments, regulators, central bankers or other policymakers - it will be decided by the people (in financial markets, on the streets and at the election booth).