Good to read an article that makes sense of whats happening rather than speculating about what could happen.
Lawrence Summers on the Euro Crisis: 'It Was Always Understood the European System Would Evolve' - SPIEGEL ONLINE - News - International
In a SPIEGEL interview, Lawrence Summers, 56, Harvard economist and former advisor to United States President Barack Obama, discusses the way forward for Europe's stricken common currency and a debt crisis and budget battle in the United States that has baffled many a European.