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The Euro is in much deeper trouble than many people imagine.
The trade within the EU, was supported by some of the weaker getting enormous loans they now don't get and need to repay. This accounts for much of some EU countries exporting success. They were selling to clients living off credit. The UK exports $22 billion a month to the EU. This will shrink if customers don't have money to buy. Supported by loans or supported to countries supported by loans, same thing.
Imagine your bank suddenly cancelling your credit to get the picture. This effects the shops you send money in.
The solution is a tough pill to swallow. Stop the credit to countries who can't repay the debt. Rescue the banks again, them failing isn't an option. And if needs be, kick out the weak countries.
The EU gravy has hit the buffers.
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