Even a few weeks ago, most analysts would have argued that the euro could struggle on for a few more years yet. There was plenty of ammunition left in the armory. Moving to a common fiscal policy, and jointly issued eurobonds, would help out the weaker members of the single currency. A massive dose of quantitative easing from the European Central Bank would lift the continent out of depression. Sure, neither would be a long-term solution. But they would keep the show on the road. This week, even a temporary fix looks increasingly unlikely. The German constitutional court has tied up its government in knots, making it ... (full story)