Euro - Short-Term Solutions

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"The challenge for Mr. Draghi and the plan’s authors — Herman Van Rompuy, president of the European Council; José Manuel Barroso, president of the European Commission; and Jean-Claude Juncker, head of the euro group of euro zone ministers — will be to package their plan in a way that makes investors believe something will get done.", European Leaders to Present Plan to Quell the Crisis Quickly, By JACK EWING, June 16, 2011

The key phrase above is "...makes investors believe...". No plan works if there is not a truly politically United States of Europe. Anything less is smoke and mirrors. Europe is looking for something that  will buy time until the long-term solution can be found.
You need to be prepared to adjust to a failed Euro!

Europe is in a mess and the world is so intertwined that we cannot avoid it impacting our economy. The euro seems doomed to fail because it is dependent on Germany giving back much of the gains received from the Euro Zone experiment. This is not likely unless Germany concludes they will lose even more by letting Europe continue its downward spiral. They were able to significantly boost imports, which in turn helped them reunify their nation after East Germany's collapse. If, when the euro zone fails, the consequences may be as bad as our 2008 meltdown.

It is hard to envision Europe becoming a united nation. The United States consolidated a major portion of North America by obliterating the nations that previously occupied the land - the Native American Indian. This will not happen in Europe. More

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