If Italy, Spain, Greece and Portugal decided to proceed with a common plan to exit from the EMU and into a SEURO

...They would need strong democratic leadership, as opposed to pseudo-left water carriers for Berlin like Hollande and Renzi.

Great pains have been taken to ensure this does not occur, but they are betting on people continuing to take it lying down as 'good serfs' should.

That remains the great unknown factor neo-liberalism compulsively pushes us towards deciding.

I think they are aware there are limits, but cannot be pro-active about it because profits would be dented. So on we go...

'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty