Even if the Euro survives, which is not guaranteed, it is likely Greece, Ireland and Portugal will be exiting the single currency in the short-medium term. All efforts will remain focused on Italy and Spain; French downgrade has already been priced into the market, with significant moves occurring in French bonds and in the CDS market.
The solution lies within Germany; there is nothing Cameron or Obsorne can do.
danielfurr
I think the eurozone crisis and the crisises around the world have more to do with an economic evaluation which misses the holistic situation. southern italy is a third world country , but when italy had its booms in the 1900′s the condition of southern italy never seemed to affect italy’s evaluation by economist. Northern italy is really a seperate economic zone from southern italy though they share the same governmental hood. this is the same thing in the States. When I listen to people, usually white, speak about the good ole days in the States, I laugh, the Black community, the Red community in the States, has never had this boom time , their was never a gilded age in the Black or Red community. http://www.associatedcontent.com/article/9152137/about_ecopolitics_nov_14th_2011.html?cat=3