I'm thinkin, after watching a certain vid.. of Merkel(she's sweating bullets).. Germany has put too much in.. to the "pot"-overextended and the "swap" won't help at this point. They(Germany) could actually be stuck, in the same bed. Liquidity is the issue, no solution without destroying value... frankly, the "Euro" is not going to be near what is seen today, in what may worst case.. go away, cojoin another block of institutions, or best, become a parrelel currency to each Soverign currency.. in every aspect.
Throw out an anchor or paddle like hell time.