United we fall

United we stand, divided we fall, so goes the saying. However it seems to me that if Europe's political elites are determined to save the Euro without Germany taking on the collective debt of the Euro zone then democracy itself will be threatened. As it stands Germany is insisting on forcing debtor nations to balance the books regardless of the consequences as a price for rescue. This is even without Germany taking on the Euro zone debt! We don't know the consequences of countries leaving the Euro but Greece, Spain and Italy desperately need to devalue otherwise they face ten years of internal devaluation to become competitive against Germany. Can fifty percent youth unemployment be a price worth paying? Is any ideology worth the human misery? Perhaps in twenty years it would all even out but can democracy wait that long?