Another month goes by and the Eurozone is still no further forward in its resolution of its financial problems. The Greeks are mired in more debt than ever, Italy and Spain lurch from one crises point to the next and nobody seems to have any idea as to how it may be resolved. Hitherto the argument has been "should Greece be thrown out of the Euro", but are we on the verge of seeing a dramatic powershift from Germany to the South. Could the growing unrest in Southern Europe create a climate where Greeks, Italians and Spanish people come to the conclusion that, actually, they would be better off away from German influence, outside the Euro, and so revert to their original currency.
01 September 2012
The Powershift Scenario