Is It Time For The Endgame In Europe?

Der Spiegle provides a perspective on the common currency endgame from several papers in Germany. There is a view that the ECB could purchase sovereign debt from at risk countries to fix the problems but that is not a politically acceptable solution. One of France's largest banks sold its Italian debt and wrote off a big loss. The Italian political situation is a mess that suffers from weak leadership. It is regarded as a too big to save state by many.