The United States of Europe

Europe or more specifically the european union is having an obvious severe problem. And this problem could best be described by saying "The European Union has no CEO" or that there is no one with the authority to make executive decisions in an emergency like they are now in.

So there are two basic directions this could go in and actually work for anyone or everyone. Either the Euro and the european Union dissolves and each country goes its own way. Or they create an executive Branch with the overall powers of a President of the United States only over European Union nations or they just give the whole Euro and European Union thing up. Anything else they do will likely bring the economies of Europe mostly to their knees which is not a good place to be with what is going on presently in the world.

In other words they needed someone like Bush and Obama to oversee  a TARP kind of thing like we have in the United States. Whereas now they look like anything they do is about 3 to 6 months or a year too late and ineffectual as a result. So someone needs to have the authority to make decisions and to implement them within a few days or weeks in emergencies. Otherwise the Euro and the European Union are vulnerable to Carnivorous Short Sellers from other countries outside the European Union who will drive down credit ratings by purposely driving economies down for short term profit. Unless the short sellers are regulated by the European Union and/or world the European Union likely will be no more within about 5 years.

So, even though the end of the Euro and the European Union is likely don't sell them Short. They have been around a long time already and might just figure out a way through this that we haven't thought of yet.