After Angela Merkel's comments about the "euro is in danger", I was going to write a long and in-depth review of the state of the euro … but I was beaten to it by Chris Blackhurst's column in the evening standard.
Rather than reinvent the wheel, just read what he has to say:
"Merkel was only saying in public what other EU governments and their
advisers have been saying in private for weeks. Greece,
with its rioters to the fore, could literally go up in flames and no
amount of injection from the other euro countries may be enough to save
it … and after Greece come Portugal
Totally agree, although I don't agree that the euro's day has come.
Will blog about that shortly. For now, his column is worth a read.