Euro has failed for good

Faced with the political tensions within the monetary union the Eurozone countries should finally wake up to the fact that the euro has failed miserably, writes the liberal daily Corriere del Ticino: "The euro crisis is not a passing phenomenon and can't be solved simply by creating two currencies or by the strong countries leaving the Union and reverting to their old currencies. ... Those who really care about Europe should paradoxically strive for an amicable divorce. The current policy is condemning weaker countries to a terrible recession that creates political and social tensions and will lead to an acrimonious separation. And this would indeed threaten the entire European integration process of the past decades. Yet we still haven't woken up to this fact. We can therefore expect nothing more from the summit in Brussels than yet another bungled solution that ultimately will only prolong the death throes of the euro."

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