So far in 2011 there have been no less than ten Eurozone finance minister meetings and summits. If the leaders of these seventeen nations don’t come up with around €2 trillion pretty soon they will need to issue a new map. Fortunately I’ve saved them the bother.
In my view, either Merkozy & Co. print the €2 trillion required to bailout the peripheral nations, or the Eurozone will breakup and the number of nations sharing the single currency will shrink from seventeen to around ten. This will leave a smaller but stronger Eurozone containing Germany, the Nordic countries and France.