Alan Kohler is one of Australia’s most experienced commentators and journalists. Alan is the founder of Eureka Report, Australia’s most successful investment newsletter, and Business Spectator, a 24-hour free business news and commentary website. He also hosts Inside Business, a half-hour Sunday programme on the ABC, is the finance presenter on the ABC News - and producer of the nightly graph (or two).

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Comments on this article
Comments Policyas wise heads predicted europe's failure to create a fiscal union doomed the euro experiment from the beginning...politicians, with big plans, saw it as a trojan horse that would eventually compel european nations to create a fiscal union...until europeans accept that this experiment has failed and begin unwinding it there can be no hope for their future (Tipping towards eurozone fragmentation, November 8)
You need to distinguish between retaking currency sovereignty so that productivity differences can be reflected in adjustments to an exchange rate, not in bludgeoning nominal wages and dramatically increasing unemployment and membership of the European Union (Tipping towards eurozone fragmentation, November 8).
The Euro is not sustainable and countries would be mad to adopt it. Greece and others will eventually have to leave it.
The European Union and free trade within the Union is worthwhile. Gradual harmonisation of things between countries is also a good thing eg curricula, qualifications, etc.
As usual the brilliant Doctor has the fortitude and intelligence to ask the difficult questions and I continue to join you Doctor in the questions that you ask. (Tipping towards eurozone fragmentation, November 8)
I don't think it is impossible to think of Germany exiting the eurozone. I do believe that Finland and the Netherlands may do, whilst Austria still considers herself Germany's little sister and tied to Germany's apron strings.
But EU membership is an entirely different matter and not necessarily related to the eurozone if you think about it hard enough. In many ways the EU is really not for the British ideology and that is because they are perfectly happy to be alone and yet not lonely as always and unlike many other EU countries and they don't need the EU as much as the EU needs Great Britain. Whilst I can see Germany perhaps and Finland leaving the Eurozone when they find out just how bad it will be when the French awake one morning soon with a champagne headache and realise they are in reality in a desperate fiscal position and do the usual "Woe is Me, the World is always against us French" routine they pull at the first sign of impending woe. France will blame everyone but France for the mess it is in and the eurozone will become engrossed in a screaming match. Perhaps that will tip Germany to leave the Eurozone which is something they must do anyway at some point in time. Germany has done all of the raping and pillaging of Eurozone economies that it is likely to get away with for now. Of course if Greece tells the Germans that they can sing for their money at least until Germany pays back the Taxes it imposed on Greece during the last war that were never repaid plus interest etc, etc. of course. We may have a real Barney on our hands.
Probably no actual biffo but a fair bit of pushing and shoving, pulling of hair and name calling and screaming at the top of voices I dare say.'Oh, what amusement'!
I do agree with you Doctor, I think the eurozone is in a period of calm before a boisterous storm.
The EU has been a great boon for unelected politicians and the army of (always overpaid)public servants they breed.
I'm sure most EU taxpayers wish they would all pack their bongos and go and do something useful. (Tipping towards eurozone fragmentation, November 8)
The analysis of the european sickness is a brilliant and an honest one (Tipping towards eurozone fragmentation, November 8). The concept of the euro was just another pipe dream of the political leaders of germany,france and other nations who wanted an alternative to the divisions between countries and france and england,which always led to war. The impossibility of harmony and fiscal responsibility can be seen in the failure of greece,and the mediterranian club countries to live within their respective means..The sooner those countries leave the political control of this idiotic concept to run their own affairs the better. If they cannot,or do not want to act responsibly,then let them suffer the consequences.
Paul Hanly (November 8, 12:12 PM), you are correct however the EU has mismanaged pretty much everything.
For example; University qualifications were integrated by lowering academic standards. So much so that a bachelors, in some cases, takes 2 years and some, such as pharmacy, are not recognised in Australia, USA or Canada. (Tipping towards eurozone fragmentation, November 8)