After 15 months of fudge, half-baked rescue attempts and division, the moment of truth has finally arrived for the Euro-zone. As G7 members prepare for emergency talks later on Sunday, this will be the week that decides the Euro’s destiny. As has always been the case, the future of the Euro area will effectively be decided by the German government and the ECB. One or both of these institutions must step in decisively and aggressively within the next 24 hours or the Euro in its current form is doomed, especially as risk appetite will deteriorate further following the US credit-rating downgrade. It would be possible to ... (full story)