Euro Debt Crisis: 'No Solution In Sight' -- CNN
NEW YORK (CNNMoney) -- European leaders are under intense pressure to come up with a long-term solution to the debt problems straining the European Union to its breaking point.
But given the enormous challenges involved and the unpalatable options available to them, few analysts expect EU policymakers to announce any meaningful changes soon.
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Update: Will Europe come tumbling down? -- Shawn Tully, Forbes
My Comment: There are solutions .... but there is no political will to implement them .... especially in the countries that have pursued high debt policies and programs. They and their electorate are addicted to spending, and this addiction will now impact other countries that have pursued more reasonable and sensible monetary/financial policies.
Update: Banks, entwined in government debt, contribute to Europe’s dimming outlook -- Washington Post
Update: Others believe that Europe's debt crisis will start to end when this country declares bankruptcy.