The Eurozone is doomed, with or without ECB debt purchases. Until Euro members face realities, severe economic problems and political unrest will continue.
Some are suggesting the Eurozone is finally recovering. There are two problems with this statement: The Eurozone is a set of disparate countries; some are doing a lot better than others.
The Eurozone is a collection of disparate nations using one currency – the Euro. It is a mistake to look at them as a single entity. In this article, I break them into 5 groups.