Eurozone Crisis not over

[Peter1469]

http://www.ft.com/intl/cms/s/0/e07e1b8e-7a8a-11e1-8ae6-00144feab49a.html#axzz1qotfkQQa

As I have been saying....

[Peter1469]

Not only is Spain on the brink, Italians are turning against austerity.

http://www.reuters.com/article/2012/03/30/us-italy-monti-idUSBRE82T19820120330

[MMC]

Riots breaking back out in Spain, again. What do you think is going to take place with the P.I.G.S. Pete? Especially with Greece going to be needing that third bailout. I don't know what Spain will do they don't have the jobs.

[Peter1469]

I think that Germany will get tired of bailing out people that they feel are lazy and pursuing unsustainable economic models and will leave the Eurozone (not the EU). I also think that Germany will propose creating a stronger EU with democratic elections for an EU president and the loss of sovereign rights of the member states.

In short, a true political union.

[Peter1469]

That may sound contradictory, but it is not. It would achieve German ambitions without war, and it would give the new EU government the ability to set economic policy across the EU.