Who'll pull the trigger on the eurozone?

Oliver you do seem to be missing many salient points (Who'll pull the trigger on the eurozone? December 6);
1. The EFSM and ESM are supported by France and Germany in percentage terms to around 50 per cent, neither France nor Germany together fund 100 per cent.
2. Those 2 funds were down graded simply because Spain and Cyprus are expected to make draw downs soon and together with Greece they may not hold enough funds for everyone wanting funding.
3. You have gotten an entirely wrong handle that $730m Germany is to lose, that money came from profits Germany made on trading Greek debt.
4.You might have noticed that Greek bonds went as low as 16 per cent FV and the current rise to 35 per cent FV is profit Germany will forgo.
5. The lose of profit is what Germany loses. Morally Merkel is claiming the high ground by not accepting Profit at Greeces expense.
Now one can speculate as many do, that Greece will need a further Debt write down which will include all EU countries taking a hit.
But let's not forget the IMF who aren't part of the EU and are charged with stepping in to get a country on a recovery pathway and that Greece is now on a recovery pathway.
And Lagrade has been busy getting Greek debt onto a recovery pathway...you might begin to think that the EU will hand Greece over to the IMF very soon.
If Greece then defaults the IMF steps in....Then what...go on tell me, one way or another Germany will pay.

An article that states the truth. Greece and other debtor nations that do not balance the books,and who do not want to balance the books should never have been propped up by the more fiscal prudent nation,germany.Let us hope that the politicians in germany or any nation that rewards fiscal imprudence will be suitable punished by the long suffering taxpayers.The EU is another fantasy that was doomed to fail (Who'll pull the trigger on the eurozone?, December 6).

There will be no success with fixing Europe's problems until it is grasped that the core problem is social structure rather than "economic". (Who'll pull the trigger on the eurozone?, December 6). Economic tinkering will fix nothing. The changeover to a united currency is not the cause of the present problems, rather it was another attempt to solve them without making the vital changes to social structure. And of course that is why the Euro weasel went pop
Europe has a massive population that is split between strata of rich, comfortable, subsisting and desperate. The power ratio that counts is that between the rich and comfortable on the one hand and the subsisting and desperate on the other. Since the rich and comfortable do not have an absolute numerical majority, the gap is filled through the use of propaganda aimed at securing lower class electoral votes, utilising media owned by the rich - the manipulatable "swinging" voter
It is all very basic political science. The numbers of the comfortable are also increased using wage and salary parities - creating an artifical scale of values for work. Productive work is actually often the worst paid apart from toilet cleaning and waitressing
It is not the nature of the currency that is the problem but its distribution. Present distribution is unsustainable when pressures on the poorer sector become intolerable to them - because this results in the smokescreen of media propaganda being seen through and the real nature of the poor's desperation, dispossession and disinheritance being perceived by them. You see the results in the streets of Europe's capitals
The solution - the only solution - is vast radical social reform that redefines the aims of Europes political and economic structures. It is not so much that greater equality in wealth division, however achieved, is morally and ethically desireable - rather it is that nothing else will provide the social stability on which a functioning private enterprise sytsem can be built and sustained. Swallow that pill!

The terms of the Maastricht Treaty have not just been breached, they have been shredded (Who'll pull the trigger on the eurozone? December 6).
The German people will shortly realise that their credit of approximately 730 billion Euros under the Target 2 balances, growing at about 1 billion Euros a day, is real money which they are not going to get back.

Interesting article. Great comment Phil Clarke, I agree entirely. (Who'll pull the trigger on the eurozone? December 6.)

There is just too much mistrust between the nations of Europe for quick solutions to be agreed on major structural weaknesses.European history includes the 100 Year War, The 30 Year War and the French Revolution which lasted from the fall of the Bastille in 1789 to Napoleans final defeat at Waterloo in 1815 during which time virtually the whole of Europe had been engaged in war (Who'll pull the trigger on the eurozone? December 6). Any body who believes that there can be sufficient trust between Europeans to arrive at quick solutions to the problems of the Eurozone hasn't read much history.

I re read the comment by Dr Oliver Marc Hartwich.and once more comment that he has expressed exactly what is and is going to happen in Europe (Who'll pull the trigger on the eurozone? December 6).
There are going to be a lot of problems which cannot be solved by Germany alone. The euro is terminally tainted, and the sooner it is killed off, the sooner the sensible process of countries looking after their own business can begin.