The Dean of the British economic journalists, Samuel Brittan, wrote an interesting
column (subscription required) on the state of the euro. The arguments follow closely the book by Christian Saint-Etienne,
La Fin de l'Euro. As I said in my radio interview
recently, he thinks that the euro area will continue to muddle through for a long while, making the Greek people pay a terrible price, and that there are significant probabilities that the euro will not survive in the end.
