[Margaret Pilkington]

This raid on savings could have disastrous consequences...with people all over the Eurozone taking money out of the banks, the system will collapse
I am bound to ask if the single currency is worth all the effort...and my answer would have to be NO.
If the countries which require a bailout were allowed to leave the single currency and revert back to their own monetary systems, they could devalue their currency, this would make holidays cheaper/more competitive/attractive, and would bring in tourists......work for those who have no jobs...the countries would be in charge of their own destinies and could even promote fiscal growth.....and the resentment that is felt by the people of the PIGS and Cyprus would fizzle out.

There is a lot of resentment in these countries, at having edicts foisted on them from the EU...especially while the EU mandarins are seen squander money like it is going out of fashion.