Will the Euro survive the economic crisis?

[russell]

It will never happen, just like they would never let all the banks fail, would cause too much panic in the Market. Greece will be bailed out and the banks will have to take haircuts, which they should since they were happy to accept bailout money.

[sasguru]

It will never happen, just like they would never let all the banks fail, would cause too much panic in the Market. Greece will be bailed out and the banks will have to take haircuts, which they should since they were happy to accept bailout money.

Wrong. The Euro (which is now really the Franco-Mark) has already failed since the ECB is now running policy for the benefit of those two countries to the exclusion of all others. They rest will stay in for now since getting their own currency is even riskier and they will be lent some money provided they behave like the vassal states they now are.