Cat’s out of the bag. It’s palpable what needs to be done. Now its up to the citizens of each sovereign country to decide = referendums.
I still think that a Eurozone where Germany calls the shots is too much to ask from each sovereign nation. Plus, will the market have the patience, especially with a deep and prolonged recession knocking at the door?
I think going the path of the fiscal union might be too late. We’ll see though. A fiscal union would be a bear-killer for sure.