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Chancellor of Germany can not allow the cancellation of debt Bazooka great, but could be about to allow the ECB to print billions of euros in an attempt to save the single currency?

Are there drugs in the euro area can take to avoid getting the flu? When the leaders of the currency club play with the idea of ??antibiotic distribution, apparently unaware that faced with a virus with antibiotics is as useless as the bleeding of a patient to treat depression.

independent consultancy Capital Economics estimates that the breakdown of the euro area is imminent. Greece will have to leave next year and another country, without name, will continue in 2013.

If leaders persist in the patient's diagnosis, and will be an almost total breakdown.

capital was convinced there are 18 months from the euro area in the direction of the fall and three recent events have convinced European economist Jonathan Loynes of its almost a certainty in the race.

"First, the politicians," another failure to stop the Greek situation was even more doubt on his ability to take the necessary measures to ensure the future of the euro area.

Holger Schmieding, an economist at Hamburg, Berenberg Bank, agrees that the German government is unlikely to accept the transfer proposed tax, or delivery of cash to the Italians, etc. in the form of debt relief. However, said Angela Merkel and politicians in the Bundesbank are preparing to convince the German public that one of the great taboos of finance must be broken. The European Central Bank must be signed by the Bundesbank. At the same time, the ECB will deliver a huge printing machine and recite billion of new money.

He said, and we agree on everything, the situation is very serious.

"As the fire spread across Europe, we see only one reliable way to start: Firefighters must go beyond lectures on us the risk of using building materials wrong place, firefighters have to. extinguish the fire before the euro and the euro area economy in the flames. The European Central Bank to act as strongly as the Swiss National Bank has done to save their own currency and economy. The ECB has to promise that he will avoid all the sovereigns of solvent failed for lack of liquidity.

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