Ambrose gets the problem

Since I like to talk about Europe, and the insanity that is the euro-zone, I was much amused to find this conclusion from Ambrose Evans-Pritchard (The Telegraph) :

The EU will do just enough to prop up the edifice, but too little to restore lasting confidence. The German bloc will not confront the elemental point that either they agree to pay subsidies – not loans – on a scale equal to Versailles reparations, for year after year, or the South with stay trapped in slump until electorates blow a fuse.

I think I mentioned the imposing of Treaties here. I also said a few things about the dangers of the current path here. All in all, the world is just levitating a few inches above disaster.