Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
So, how strong will the Euro be after defaults by Greece, Ireland and Portugal, if it can be held to those countries? It would seem conceivable that the banks and their debtors could be immolated but that the currency could survive, even if everyone up to and including Germany defaults. But the problem is that none will go that route. It is starting to look like the choice is between the EU and the Euro on the one hand or the banks and their un-payable debts on the other.

Looks to me like we are eleven years late on a millennial Jubilee.  

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sat May 7th, 2011 at 07:06:55 PM EST
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