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There’s a feeling that not only is the Euro-crisis far from over, but that there could be a lot worse to come. Greece will come to a head one way or the other – it will eeithr be bailed out / restructured, leave the Euro or simply go bust – and the markets will swiftly move on to the next weakest link in the Euro until they come to Spain and Italy.It may now be too late even for a much talked about fiscal union to save the Euro – the imbalances within the Eurozone are already quite extreme and the sacrifices required by the winners and the losers of the Euro are also likely to be unbearable.If the architects of the Euro wanted it to succeed they should have put the infrastructure in place before hand (though “ignorant & ungrateful” populaces may have opposed that via referendums), they did really put the cart before the horse hoping it would all fall into place.But this time it might just be a crisis too far to drive the ever closer union Euro types are so fond of.

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