EMU leaders are running out of time in their efforts to save the euro. Only decisive action can work -- and there still would be no guarantee of success. In the United States, it took a Civil War to settle that monetary union once and for all.

It is high time to examine structural solutions and help eurozone countries honor their debts rather than continue to lend them money at higher and higher rates of interest. Greece, for one, simply cannot dig its way out of debt on its own.

It's not only all about a dilemma but about how the Greek nation -- and especially young people -- will find again a reason to hope and believe that their future can get better, even if Greece after the very crucial next general elections can make it and stay hopefully in the eurozone.

There may be a momentary pride in the drachma as a symbol of Greece standing up to Europe and reasserting its independence, but sadly neither investors nor markets are likely to share the sentiment.

It is insane to ask from people whose lives have been crashed to choose between the euro and the drachma. They can't answer to that.

Prices quoted on the Greek drachma, together with the tax-free or reduced tax environment, will result to adding more value to the holiday's budget -- therefore making Greece very affordable and overwhelmed with tourists from every part of the world.

Why should 330 million Europeans face a financial and likely political meltdown for the sake of 11 million profligate Greeks? They should not.