ATHENS, Greece is once again in turmoil. The Greek Prime Minister George Papandreou is struggling to ensure Parliamentary approval for a critical austerity bill. On June 15th, just one day after the turn of the Economic Confidence Modeltm, the Prime Minister said he would reshuffle his Cabinet and seek a vote of confidence for his new government after coalition talks with opposition parties failed. There is simply no way out. This is the price they had to pay to be part of the Euro. Greece surrendered its ability to naturally offset its debt by allowing the currency to depreciate. That is how ALL governments get out of their debts – inflate their way out! The US is no exception. In 1980, the national debt was $1 trillion. Today, that is less than the annual budget. A trillion isn’t what it used to be any more. With Greece unable to inflate its way out, it is forced to now pay in Euros, as the economy declines, the REAL debt rises making the austerity measures even harsher. The Euro is a complete failure because there was no national identity in Europe. That was the key to making the Euro work. Absent that – sorry; it was a nice dream while it lasted. It has been a brief shining moment of bravado. But it’s over now and it’s time to wake up or else the dream will transform into an economic nightmare and tear down the European monetary system brick by brick.