with your view .... However, I think that it might be a bit overstated to assume that Germany, in particular, will survive a "melt down." Specifically, if the ship is sinking it is clear that the bridge will either eventually take on or be overwhelmed by the water. Post a comment Comments are moderated, and will not appear on this weblog until the moderator has approved them. They must not exceed 500 words. Web links cannot be accepted, and may mean your whole comment is not published. Mitch Feierstein Mitch Feierstein is the author of Planet Ponzi and knows the financial industry inside out. For the past 30 years, he consistently created opportunity and value where others have failed to look. He is a highly successful hedge-fund manager and CEO of the Glacier Environmental Fund Limited. Prior to Glacier he was Senior Portfolio Manager of the Cheyne Carbon Fund, part of one of the largest and best-respected hedge-fund groups operating in Europe. He has acted as a consultant for a number of governments in their disaster and contingency planning. He divides his time between London and New York.