Finland Predicts Eurozone Break Up

Last week, Finland announced that it will not tolerate further bail outs and is preparing for the breakup of the Eurozone. The current system of EU bailouts is unsustainable as Europe will run out of money the way they are going. It is a credit to the Finns that they are ready and willing to discuss it openly. The current system encourages inefficiency but nobody in Europe is prepared to be the first to leave the Euro and take all the blame. The future of the Eurozone is unclear although a breakup of the Euro will not necessarily lead to a breakup of the EU. It could actually strengthen it by passing fiscal and monetary powers back to the sovereign states.