Yes, I read similar articles last night.
The EU is clinically dead, it's finances are in total ruins. The US President is evidently concerned that a shares crash will effect the USA economy.
But how can the EU leaders solve this financial catastrophe now, which is what President Obama is asking?
The European Central Bank would be totally debt-ridden if it bought up sizable debits of the failed eurozone economies.
There are too many of them: just by sweeping the map from East to West: Greece, Italy, Spain, Portugal.
Without even mentioning the easterm EU economies, some of which have barely escaped total bankruptcy, as I recently read, for example Latvia.
Not to mention Britain, France and Germany's woeful debts.
It seems to me the countdown has begun. The EU is a supernova, about to implode. There will be a very bright light... any time from Monday coming to the next million years....
