A eurozone may survive, but it will not be the present 17-member state eurozone. What will emerge, if it is to survive, will be smaller and more focused around German financial and monetary disciplines.
There should no longer be dramatic European Union (EU) summits with (French President) Nicolas Sarkozy, accompanied by a reluctant (German Chancellor) Angela Merkel, creating an impression of progress soon to be followed by the grim realisation that little has changed.
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