Isn't this the same problem we're having in the US (and elsewhere of course) with the real estate. Only it seems worse. Because presumably the real estate still has some value. Does this mean the Euro has no value?
If that's what's going to happen, it can't just be happening in Europe. It's got to happen here too. Has there already been a rush to the dollar from the Euro? If that hasn't happened, will that happen on Monday? When that happens -- what does that mean?
I'd like them to solve this problem so we can all go on living our lives. But the "them" is the problem. And will they solve it for us or just for their friends? (Pretty sure I know the answer to that question.)