Here are two of the best perspectives on the Euro crisis (dilemma?) I’ve read. Tyler CowenT has an interesting list that refutes the argument that there is some sort of moral imperative for Germany to aid its neighbors while Ed Harrison provides an excellent prospective on the probable solution to the issue.

I believe that Cowen thinks in the end that the Germans will not cave, while Harrison sees a deal. My heart is with Cowen while my much more cynical brain believes Harrison is probably providing the proper analysis. That being said, I don’t think that the “solution” will do much more than forestall the final reckoning.