I have a friend -- let's call him "Joe;" for years he's bad-mouthed the poor Euro.Now, it seems, the Euro's poised to fall -- if you believe the nigh-infallible Paul!

Krugman:

The bitter truth is that its looking more and more as if the euro system is doomed. And the even more bitter truth is that given the way that system has been performing, Europe might be better off if it collapses sooner rather than later.