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  I won't go into detail but if they want the Euro to survive, at least in some form, then they have a choice:
  
  1/ They go for a fully integrated economic policy with the EU having control of fiscal and monetary policy - in other words the Eurozone countries would finally cease any kind of pretence of being independent countries - Eurobonds would be a move along that direction and one that would mask the many inconsistencies in Europe eventually forcing this change to full economic integration. or...
  
  2/ The break up the Euro into two or three 'sub-currencies'. This is the answer that makes most sense and will help economic recovery the fastest though there would be initial ructions in the market. The problem here is that a lot of politicians have invested a lot of political capital in the Euro and seemingly will just carry on fudging and limping along as long as they can.
  
  One of the two above must happen to the Eurozone.
  
  The value of the Euro is just wrong for the weaker economies and without being able to float their currency they will just carry on struggling - it cannot last forever.
  
  I am just glad we are not part of that.

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