Exactly so.
I speculated here on FR last week that if a big country in the EU (like Germany or France) pulled Ireland’s stunt, that it could spell the end of the Euro.
I had not thought it would happen this quickly. I honestly thought that it would take at least another week.
Me too, but then I remembered how much all those countries hate each other.
I've been saying for years that the Euro and the EU itself were not going to last, simply because of Europe's intense history of nationalism and war. The U.S. is a real "economic union" because that union is bathed in the blood of our Civil War. Union between states doesn't come easy, and certainly not by signing some agreement in Brussels.