“A leaked report from the European Commission confirms that Greece will miss its austerity targets yet again by a wide margin.  Italy’s slow crisis is again flaring up. Its debt trajectory has punched through the danger line over the past two years. Spain’s crisis has a new twist. The ruling Partido Popular is caught in a slush-fund scandal of such gravity that it cannot plausibly brazen out the allegations any longer, let alone rally the nation behind another year of scorched-earth cuts.  Portugal is slipping away. Professor João Ferreira do Amaral’s book -Why We Should Leave The Euro – has been a bestseller for months.”