>Since the inception of the Euro it's been clear to anyone with an economics education (not me, but this is the impression I've gotten reading commentary from a

>Since the inception of the Euro it's been clear to anyone with an economics education (not me, but this is the impression I've gotten reading commentary from anyone respectable), that Europe has some serious flaws (from a financial perspective) that will take decisive action to fix. The Euro set limits on how much countries were allowed to borrow and how high their deficits can be. The only massive flaw it has is the believe that countries could be simply trusted to stick to these rules.