When asked what probability he would assign to the euro zone having the same number of members it has today in two years, he added: "I don't venture into speculations about things like changes in the treaty.
The euro is �irreversible� and the beleaguered currency union is not in danger of collapsing, according to European Central Bank President Mario Draghi, who also argued that eurozone nations will eventually be bound even closer together.
Filling in what had become one of the most glaring holes in the ETF lineup, ProShares last week introduced a product that will allow investors to bet against the beleaguered currency of the Euro zone. The new ProShares Short Euro (EUFX) will seek to ...
(http://nakedkeynesianism.blogspot.com/2012/07/spurious-victory-of-mmt.html) I'll try to focus in on the main complaint, which seems to be that MMT missed the true cause of the Euro mess: current account deficits run up by some profligate EMU members.