So has the Euro been saved?

[DodgyAgent]

The Euro most certainly has not been saved.

Irrespective of its short term perils, in the mid to long term there is one fundamental reason why the Euro will fail.

No matter how close political convergence, now matter how well fiscal policies are aligned, (and each of those will attract much strife) there's just no getting away from the fact that the better performing north European economies are forced to operate the same exchange rate as the poorer south European economies. The social costs of the south European nations being consistantly paid for by the taxes of the better performing economies (mostly Germany, lesser extent France). In other words the German economy in particular, becomes grotesquely under-valued, and the weaker economies become grotesquely over-valued. And I stress that word 'grotesquely'.

And that put simply just aint sustainable - something will snap, including German tax payer patience.

How will it resolve itself ? By the Eurozone either becoming much, much smaller, or its planned ditching.

It is not all "poor germans" in this. The Germans get to sell their goods more cheaply as their exchange rate is low being part of the Euro, they have negated the labour cost advantages of the greek italian etc economies and they then lend them money to buy their goods. Poor Germans they are not and they deserve everything they get