The reason Europe is doing badly is due to high levels of debt on a personal/corporate/government level...u can either pay this back or default...if you default then it's a giant reset button in which those with wealth above 100k level is lost, but ...

I don't see how a rate cut is going to help...borrowing costs for most European countries is back to normal almost...reducing currency value may increase exports short term but doesn't increase personal consumption power, that's the main thing ...

People are forgetting that this is all a BANK bailout...when banks close people lose EVERYTHING...better for uninsured accounts to lose 20% than lose 100%...gives u a chance to get the money out...the better answer would be declare all the banks ...