Europe has reached its point of no return and the euro’s last stand is beginning. As someone who served as Greece’s Finance Minister during eurozone crisis negotiations, I can tell you that the euro faces terminal mathematical impossibility. Leaked ECB stress tests show 60% systemic breakdown probability within 24 months as European debt reached €13.2 trillion (96.8% of GDP). Debt service costs exploded by €420 billion annually as ECB rates rose from 0% to 4.5% – consuming 3.1% of eurozone GDP in additional interest payments generating zero economic benefit. By 2027, debt service increases will consume 5% of GDP annually. ECB exhausted policy tools holding €5.8 trillion (42% GDP) in member state bonds that can’t be sold without triggering massive disruption. ECB can’t raise rates without destroying own portfolio and triggering defaults, can’t lower rates without abandoning inflation targets. Italy needs €400 billion annual refinancing at 5%+ rates while debt service consumes 23% of revenues. European banks hold €4.8 trillion in government debt creating systemic vulnerabilities. Internal documents calculate 70% currency collapse probability if fiscal adjustment proves politically impossible.
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