From Of Two Minds It might be Greece, it might be Germany, it might be Spain, it might be Italy: all that matters is that somebody steps up and exits the euro and renounces all its debts, or in the case of Germany, renounces its promises to cover all the impaired private-bank debt that is crushing Europe.
Once people wake up and find the sun is shining despite the "disaster," they will realize the real disaster was trying to pay unpayable debts and promises and staying in the euro. Life will quickly get better once one brave and resolute set of leaders renounces unpayable debts and exits the euro. Other nations will quickly follow and the owners of bad debt will finally be handed the losses that are well and truly theirs to absorb.
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