...If you would like a high-level introduction to what's about to happen in Europe (and by a natural consequence of having a global economy, the rest of the world) please view the video located here, where Kyle Bass gives an accurate picture of exactly what 2012 will bring.
In my opinion, the only possible alternative to an EU break-up as posited by Bass, will be a 'second' European currency (ECU2) which can be pegged much lower than the Euro.
Germany will resist this, as it would cause the 'primary' Euro to soar, hurting Germany's exports on which it depends. So what will it be, the devil or the deep blue sea?
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