You know, I don’t like the doomsday scenarios and am probably more skeptical than most.
In the past when Europe has gotten this far, it seemed these types of doom and gloom stories were the ‘motivation’ to extract more from the electorate of those nations that had the means to bail out those that were in trouble. It’s almost like it’s choreographed. I’m expecting the same thing to happen this time especially after the elections in Greece, France and Germany. They are acclimating the populace to give up Austerity. I think all of this has been gamed out from the get-go. They want to print more and spend more because the European welfare state can do nothing else.