• The present path of policies in the eurozone is not sustainable for economic nor for political reasons.
• A move toward complete monetary union is politically unfeasible and the prospect of countries bolting from the policy constraints is real.
• We believe the ground is more fertile for policy changes not only because of the above, but also because the German economy is no longer immune from the eurozone woes.
• Mario Draghi seems to prepare the ground for a more aggressive monetary policy, European shares could benefit and the euro will fall further.

Revolt In The Eurozone? | Seeking Alpha