The problems of the euro have been eloquently re-hashed by the press, market letters, economists, policymakers and politicians. All kinds of suggestions, both good and bad, have been offered. At the end of the day, it seems obvious that the problems of the eurozone are intractable and the disease is terminal. It is now time to think through the process of ending the current monetary regime and try to plan as best as possible for what will likely follow.
The first fatal flaw in the euro creation was that it was a marriage of convenience among countries with fundamentally opposing philosophies. There are in essence two groups of countries with France straddling the divide.