With IMF leader Dominique Strauss-Kahn under arrest for sexual assault, many have predicted the Euro's demise. After all, DSK is a founding father of the common currency and the architect of bailouts that have propped up the euro zone.
After months of denial, the European policy elite finally begins to understand that something is seriously wrong in the eurozone. But the prevailing definition of the problem is still too narrow -- that "this is a Greek problem.
In defense of the current Greek, Spanish and Portuguese governments, they find themselves in a fiscal straitjacket not of their own making. The UK, by contrast, is willingly choosing to commit economic suicide.