Germany Holds Fast to Denials of Greek Aid

Rarely do we get to watch the death of multinational regimes in real time.  The last artificial empire to fall was the Soviet Union.  Now we get to watch the European Union come apart:

Greece’s pledge to ramp up planned budget-deficit cuts by half failed to yield commitments of financial assistance from Germany, Europe’s biggest economy, to help solve its financial crisis.

Given what looks to be a likely Greek default on its bonds, followed by departure from the EU, followed by similar dramas in Spain and elesewhere, a relevant question would be . . . why not short the euro?  I'm not sure that's a viable investment strategy simply because the largest European economies may choose to remain in Euroland to keep the currency viable.