Is the demise of the Euro a foregone conclusion?

If you plug one hole in a dam, water often finds another hole. And when you plug that hole …. And so goes the European debt crisis. A confidence vote in Greece seemed to delay the government’s collapse, but troubling signs would soon be emerging about the stability of Italy’s government.

The drama unfolding across the Continent had many analysts coming to the conclusion that “the European debt and euro crisis has escalated to a dangerous new level,” according to Der Speigel.