The chances the EU can respond fast enough to a situation that requires such an enormous amount of resources and complex implementation, are frankly not good at all. They will have to implement a QE type mechanism to the tune of about 2 trillion euros..... maybe more.. in either case is they don't the Euro is fucked, if they do... the euro is fucked.. ...if they don't the Euro AND the EU are fucked... this crisis is REALLY serious..