God Save The Euro
Former Australian Prime Minister Gough Whitlam made the famous quotation ‘Well may we say God save the Queen, because nothing will save the Governor-General.' when he was booted out of the office by the Governor-General. Governor-General is the Crown's representative to the Commonwealth.
Well may we say God save the Euro, because nothing will save the PIIGS. This renewed quotation may come true quite swiftly as there are voices asking for a smaller Euro zone. It is a sovereign crisis and not liquidity crisis which can be contained by issuing more Euro.