is the euro dead?

[Vanraw]

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Interesting story on the concept that Spain, not Greece will be the first to drop out of the euro.

I have to wonder if this grand experiment is over. If Spain left, what would stop Italy from being next, and then France.
The other thing that I find interesting is the concept of "deep recession" over the word "depression". Spain has 24% unemployment. The banks are threatened by runs on the bank. Is the only reason Spain isn't in a depression is because Germany is propping it up?

The one thing that really gets me is the phrase "to big to rescue".

The other thing that gets me, is that when you look at it, everything since 2008 crash has one major root cause. Inflated property values.

This sit isn't over.

[Jakensama]

I'm kind of regretting not selling my properties in Germany a few months ago when the exchange rate was better..

[Vanraw]

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Interesting read on ECB saying Eurozone is unsustainable.

What the hell happens if the Euro falls apart? How will the chaos impact American Banks and economy?

There is some scary shit comming, if this doesnt settle down. There are several european nations are that are in what should be considered a depression.

[Jakensama]

Always take Draghi's quotes with a grain of salt, he wants more power for the ECB for some strange reason.

Thats why the Eurozone will not last in its current form - weak central government is no basis for a monetary union. Its like the Articles of Confederation without any teeth.

And good luck convincing the German voters to share more power over their economy with the likes of Southern Europe.

[Vanraw]

.

And good luck convincing the German voters to share more power over their economy with the likes of Southern Europe.

This is actually why I'm more concerned about the Euro falling apart. Botrtom line is you take Germany out, and the whole thing comes crashing to the ground. I read a good anology on German attitudes. Why should germans increase their retirement age to 65 so that greeks can retire at 50?

I maintain that if Spain pulled out, the game would be over. Italy, then France then Germany. Perhaps Germany will say "screw all of you" before that happens....

EIther way if it happens it will be a huge cluster fuck.