Hi Sharky:

Pardon but I am not so sure that the Euro can survive. In order to do so, the individual nations constituting the Euro will have to give up control of all things monetary to an over arching centralized monetary authority. In turn this would mean that all things fiscal and monetary would be required to rest with a centralized monetary authority having powers far beyond just monetary authority (the lack of which is the central weakness of the Euro). In reality this would mean a monetary power shift in the direction of Germany as the only truly legitimate monetary authority.

And Germany during their experiences of total inflationary collapse following WWI will never risk such again.

Under such a scenario I can imagine that Germany will take an attitude of " This will be done our way or we shall reprint Deutschmarks ( if not already done) and everyone else can determine for themselves what they wish to do".

Brian

Brian