Furthermore, the question is not so much whether any country will exit the euro but whether the further integration of the zone will lead to the exit or de facto ouster of a non-euro member from the European Union. In 2013, Europe is expected to be weakened by its economy and threatened in its unity.
European governments have created two bailout funds, rescued three euro members and recapitalised the banks of a fourth. They have restructured Greek debt twice. The ECB has poured cheap funds on the banking system, and it has promised to do “whatever it takes” to keep the common currency together.
By Guylain Gustave Moke