Here we have the classic 'this time is different'.
When the created the Euro, they constructed the architecture under the assumption of balance at infinity. Now they have wandered into a trap, discovering there is no infinity. There is no infinity in which Greece, Italy, Portugal, and Spain finally get balance.
Instead, they discover the trap and default. We get the generational default, except the 'this time is different ' theory is now sandbox, and sandbox accepts default as natural. Our theory is that this time will be the same as last time.
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