Mr. King said provisions of liquidity — such as the concerted central bank action taken by the BOE [Bank of England], U.S. Federal Reserve and other major peers Wednesday — won't solve the euro zone's problems in the long term because the issue is one of solvency, not liquidity.
-from today's WSJ. Mr. King is Governor of the Bank of England.
The market brought down the Soviet Empire. The euro zone is a bump in the road next to that. The US is a bit more than a bump, but it has no special exemption either. The British, according to the article, are getting ready for the zone's fall. I trust we are as well, even as we, along with the BOE "and other peers," are throwing more money at the crisis. I suppose those actions are window dressing, so that when the zone finally goes down, we can say that we tried.