>In one respect, Mrs Merkel is right: "The euro is in danger… if the euro fails, then Europe fails." What she has not yet admitted publicly is that the main cause of the single currency's peril appears beyond her control and therefore her impetuous response to its crisis of confidence is doomed to fail.
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>Telegraph loyalists with long memories will be shocked by none of this. In 1996, Sir Martin Jacomb, then chairman of the Prudential, set out with great prescience in two pieces for The Sunday Telegraph why a European single currency, without full political integration, would end in disaster. His prognosis of the ailments that might afflict the eurozone's sickliest constituents reads as if it was penned to sum up today's turmoil.
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>"A country which does not handle its public finances prudently will find its long-term borrowing costs adjusted accordingly," Sir Martin predicted. "Although theory says that default is unlikely, nevertheless, a country that spends too much public money, and allows its wage costs to become uncompetitive, will experience rising unemployment and falling economic activity. The social costs may become impossible to bear."
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>http://www.telegraph.co.uk/finance/comment/jeffrandall/7746806/Whatever-Germany-does-the-euro-as-we-know-it-is-dead.html


Greece represents barely 2% of Euro economy and would never be able to bring euro down without 'little hellp from our friends'.
What is happening to Euro lately is pure financial terrorisam. Merkel banning naked short selling is not enough, but I would say it is
step in right direction in combating global financial gangsters. That ban should IMO become global. Financial systems globally are in need for complete reform and TOUGH regulation. Next good thing would be (as she proposed) global tax on financial transactions. On EACH AND EVERY ONE!

If you can sit at home and gamble on SE in pursue of easy money, then you should as well pay tax immediately on all your 'winnings'. If you loose, then other side should pay tax on their 'winning'. So weather you win, or sophisticated BOT softwares you are betting against, your country should receive some money for it.

Stock exhanges were not invented to become global (rigged) casinoes but for enterprises to gain access to funds needed for expansion. Therefore they should be returned to their original function. Otherwise, not only Euro but all global currencies (and economies) are in big jeopardy. It happened to you back in 2007, it is happening to EU nowdays. Unless we have more Merkel's , sonner or later we are all doomed.

After couple of rounds of global inflation spirales, none of us will enjoy secure retirement (unless you have rental income). People will
have to go back in rural areas in order to be able to produce daily food, or live poorly in the cities. Hence making 75k-100k all your life and then eventually getting todays 400$ worth of pension to live on. (It might be called 3,000$ / month but it will be still just 400 today's dollars or euros).

This is where current situation is leading us.