With Italy and Greece now being governed by non-elected technocrats, seemingly upon the orders and to the liking of the Frankfurt Group, which is said to control the Eurozone from behind closed doors, and Spain on a seemingly more solid political course under new Prime Minister Mariano Rajoy and his Partido Popular, one might be tempted to say that the Eurozone now has a positive political environment in which to solve its burning sovereign-debt issue.

In addition, Ireland and Portugal se...

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