THE EUROZONE INQUISITION, AT LAST !!!

Once again all the EU leaders are on the alert because the EURO is reaching a crisis point. 

For those 17 countries which have the EURO as their currency the question is "What will happen now ?"

Greece wants a bail-out for the third time, Spain wants 100 Billion euros to refinance its banks, Italy is on the point of asking for help and Cyprus also wants help !!!  Portugal and Ireland have already been "rescued" but is that a guarantee they will not come back for more help ?

The non-EURO countries are wary because they do not want to be burdened with costs arising from saving the EURO. This is quite understandable.  Each non-EURO country bears its own costs which stem from protecting its own currency.

What is now glaringly obvious is that EUROZONE countries do not have the political structure required to legislate and impose common EUROZONE rules and controls.  These rules and controls must be contained in a separate Eurozone Treaty.  

After a Eurozone Treaty, the EU would still contain all the original members as specified in the Lisbon Treaty.  This Treaty, which is not "perfect" should perhaps also be "updated" !!!
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