Hannen: Big Trouble Still in Europe

Daniel Hannen, the world's most articulate politician, says European leaders would take abject poverty over breakup of the EU because they benefit financially from the status quo.

All the options from here are bad, I'm afraid... Clearly, the least painful option is for Greece to devalue, decouple, default, and then to begin to export its way back to growth... I'm afraid I don't see anyone doing that and I think that in the shortterm things are gonna get a lot worse.