Well said - the point the article missed is that the politicians in the E.U. are still behaving rationally, even if the countries are not. If the politicians a

Well said - the point the article missed is that the politicians in the E.U. are still behaving rationally, even if the countries are not. If the politicians agree to an austere fiscal policy with the Euro, it will mean setting their economy back in a very visible manner and jeopardize their re-election chances. The countries in the E.U. are still very nationalized, and competing political incumbents will be able to spin the policies as sacrificing their own country for someone else's mistakes. The politicians are still acting within their best interests to keep their jobs, even if that means sinking the Euro.