Too little, too late (2)

An excellent read:

http://www.telegraph.co.uk/news/worldnews/europe/eu/9302784/The-euro-is-going-up-in-smoke-and-theres-no-fire-brigade-to-stop-it.html

See also:

http://blogs.telegraph.co.uk/finance/jeremywarner/100017599/germany-greece-and-the-scottish-problem/

http://www.telegraph.co.uk/finance/financialcrisis/9304207/Euro-is-facing-disintegration-Commission-warns.html

http://www.telegraph.co.uk/finance/financialcrisis/9304027/Eurozone-is-unsustainable-warns-Mario-Draghi.html

http://www.independent.co.uk/news/world/europe/spain-told-to-get-a-grip-of-bank-crisis-as-bailout-looms-large-7808592.html

http://www.spiegel.de/international/europe/panic-rises-in-europe-as-spain-and-greece-on-the-brink-a-836440.html

http://blogs.reuters.com/breakingviews/2012/05/31/spain-will-regret-refusing-front-door-bailout/

http://blogs.reuters.com/hugo-dixon/2012/05/28/hugo-dixon-greece-needs-to-go-to-the-brink/