Is the End Nigh?

For the euro, that is. As FT Alphaville points out, Spain has €44 billion in reserves and imminent needs to fund a lot more than that in interest and principal turnover:

Italy is not in much better shape. So, will the ECB start buying? Will Germany let it? Will Greece exit, since the IMF is ready to pull the plug? Will a Greek exit precipitate a general collapse or a division of the euro into two zones, a Neurozone and a Seurozone? The old worries are back with a vengeance.