No, in all honesty, the Euro may not be here in another ten years while the pound will still be going strong.
Countries nearing bankruptcy would normally de-value their currency to bring themselves back out of the situation, with the parity of the euro they cannot do this and may have to revert to their previous currency anyway

according to this CNBC report...greece's external debt is 160% of its GDP...and countries like NL, UK, belgium, germay range between 200% -400% of their GDP...ireland..1200%...

so why so fuzz much fuzz about greece??

link:http://www.cnbc.com/id/30308959/?slide=21

Euro Crisis
There is a big difference between a liquidity problem and a solvency problem. When a company or a country has enough assets to cover its liabilities but they have a problem raising the money they need to pay off the loan they have a liquidity problem. But when an entity has more debt than it can serve than it has a solvency problem and in that case more debt and loans will only dig it into a bigger hole. Greece has a liquidity problem since it has much more debt than the economy can serve. Germany and the Euro are perhaps will to give them loan in attractive interest rates but unless they are willing to consistently transfer money from the core of Europe to the weak countries those countries are doomed.
If German politicians think they can convince there citizens to fund Greece's recklessness throw transfer payments all I have to say to them is GOOD LUCK!

Vera, 300 million USD. Until 2001 it was not "illegal" italy, spain, germany did it also.After 2001 Eu commision decided that this "accounting" method of allocating debt into later years is "illegal" or against EU rules.Greece did it in 2004, 2005 and 2008.
However, i just wonder...doesnt the EU statistics agency "eurostat", or financial services were not aware of that? their role is to safeguard EU stability. So the blame is on the past greek goverment(s), banks that lead us to this crisis and took huge amounts of money from taxpayers and of course EU for not controlling what is happening.
P.s vera u have heard about SIEMENS scandals..of course in greece people were/are corrupted..no discussion about it..but one example is that siemens is a german company...not greek or dutch or spanish...so corruption nowadays involved a network of peope across EU.mutual benetfit u see.
and as i wrote before today it was confirm that greece will order 6 frigates from france...for 2.5 billion euros. 30 eurofighters worth of more than 3 billion euros are still peding from germany...so as u see "help" doesnt come for "free" and i just wonder how a country that is financially collapsing is ready to pay 5 billion euros for weapons!!! that by "coincidence" are german and french...and not russian, isreali, american or chinese for example.......

Supposedly, according to a New York Times article, Goldman Sachs has had its hand in Greece - helping with the 'art' of fudging the books. If true, how much did Goldman Sachs profit?