In response to:

What If I Am Wrong About Europe?

Richard20 Wrote: Oct 02, 2012 12:32 PM
It is our curse to live in interesting times.

I have long stated the eurozone will breakup. Historically speaking, no currency union has ever survived in the absence of a political union.

Moreover, in It's Just Impossible I noted

  1. The Bundesbank said there should be no banking union until there is a fiscal union.
  2. Angela Merkel said that there should be no fiscal union until there is political union.
  3. Fran├žois Hollande said that there should be no political union until there is a...