Yup. if there was any hope that, once JC Juncker, the last active politician involved in the Maastricht treaty, left office, the Euro rules would be reformed to make them more sane, the Euro crisis has dashed those hopes. The serious people have doubled down, dug their heels, and come up with an even more insane "Fiscal Compact". The responsibility for the mess is so extensive that nobody is going to accuse anyone else of being responsible. Only those who fall by the Darwinian wayside can be safely blamed.

There are three stories about the euro crisis: the Republican story, the German story, and the truth. -- Paul Krugman