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The quo is the survival of the Euro-system. It is almost as bad as the situation in 2008 when the biggest banks were balking at the only solution on the table in the USA - taking the TARP money. If nothing was done the system implodes and them along with it. But they had a hard time getting beyond their entitled mentality so as to grasp the opportunity for survival. The current situation in Europe makes those involved in that fiasco look like geniuses.

I say 'on the table' because there were other, better solutions available, but they were not under consideration due to the dereliction of duty by 99% of the US population when it came to insuring that the US government was not subordinated to Wall Street.

 

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

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed Aug 29th, 2012 at 12:23:47 AM EST
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