Here’s the best take I’ve found this morning on the impending collapse of the Eurozone, although, if anything, it’s still much too optimistic. The beginning of the end, indeed. Things are much nearer the end of the end than the beginning. We can only hope that the federal government and US banks throw no more money down this rathole.
If I had to guess, I’d say the three I’s, Ireland, Iceland (a provisional EU country), and Italy, will be next, followed shortly by Spain, then Belgium and France. Germany and the UK will be the last major EU countries standing, and even they aren’t too stable. Poor Switzerland. The only one of them with any sense.