The eurozone is bust.

"Mario Draghi, president of the European Central Bank, will meet the head of Germany's Bundesbank in an effort to gain support for his controversial bond purchase plan"

Well....he never said he had a bond buying programme. That notion is the result of idiotic media and markets reading between the lines. He never 'pledged', swore an oath or promised anything. He merely said the ECB would do everything within its very limited price stability mandate to save the euro. That's it.... My understanding is not that he is going to see the Bundesbank but that he has been summoned. Germany is still awaiting an important court ruling. .... Draghi will be told, that Germany is now ready to pull out, and that, "that", will give the ECB all the freedom it has prayed for. Draghi will also be told that Germany can no longer continue with stealth measures to monetize southern debt and that he either re finds the party hymn-sheet or finds himself with the power to write a whole new one, the one of his own....Expect no extraordinary interventions next week. Expect a new hard line Draghi.... hahahahaha ~!!!!....The eurozone is bust. Why should it be enabled to go on borrowing with no strategy that would lead anyone to believe it could even sustain these rising debts let alone ever repay any of them. Anyone who thinks the industrious north will beaver away for years to keep the drones in the south in the life to which they have grown quite accustomed, needs to go away to quiet room.........If they continue down this path we will have unions in Germany demanding parity with the Greek and Spanish entitlements.....and wage hikes to reflect their 'war effort'. and that would be for starters......There is one thing worse than the people rebelling and putting an end to it. It is the people putting up their hands and saying perverse incentives! Sign me up!