Is The Euro Doomed?

Paul Krugman seems to think so.  Countries like Spain, which did not take part in Greece-like over-spending, are suffering from a broken housing bubble inspired by German banks' enthusiastic lending practices.  Years ago, a country could protect itself by devalueing its currency.  The Euro makes that impossible, and the discredited policies of the central bank's economists makes Spain's outlook grim indeed.

http://www.nytimes.com/2012/04/16/opinion/krugman-europes-economic-suicide.html?_r=1&ref=opinion