Eurozone prayers!

Sir Wolfgang Münchau describes the Eurozone as resilient enough to handle a sovereign debt crisis scenario thinking that “a full-fiscal union would be more probable than a break-up”, “What if´ becomes the default question”, January 19. Unfortunately, when he argues that “if Germany, for example had such an incentive to leave, it would almost certainly forgo that perceived economic benefit and stay for political reasons” he enters the land of hopeful wishing. How does Münchau manage to ignore that “perceived economic benefit” represents precisely one of the strongest political reasons?

From the beginning I have always thought of Europe going into a monetary union without being a true political union as quite an adventurous proposition but, to have an economic crisis to lay the ground for a political reunion, sounds much more like believing in miracles. Anyhow, I agree, let us pray for a miracle.