Euroland on the Brink of Reason

Tom Naysburn writes: Lets be under no illusions, Quantitative Easing QE is monetisation of sovereign government deficits, lets be even clearer, QE is government printing potentially limitless amounts of paper money to pay for its own hubris, incompetence and overspending. History tells us it always starts small and controllable but quickly as the drug takes hold, diversions and side shows are created to allow its continued consumption, welcome to our brave new world where everything you thought was untrue or impossible is now possible and very real. Maybe QE is the government and bankers financial Soma.
At this fork in the road, one path requires the Euro to face its problems, either form a fiscal union or disband the currency, the second path is potholed with denial, QE and the inevitable destructive forces it unleashes.