“On consecutive days last week, two of the most powerful figures in Europe — Mario Draghi, president of the European Central Bank, and Olli Rehn, the most senior economic official in Brussels — warned that the future of the euro zone was in doubt. In the words of Mr. Rehn, the union might well disintegrate unless policy makers took steps to bind the euro’s 17 nations closer together.”

Nice to see they finally got the memo - several years late is better than never. And then, President Obama could send u.s. all a tax memo that we (and our un-born great-grandchildren) are on the hook for the euro zone and associated global banking bailout. I think that would be a high risk move during an election year and I don’t think the EU can kick the can much further let alone past Nov. And it would only be a bandaid on a harpoon wound at best.