Article in the Wall Street Journal The Euro's Final Battleground: Spain - WSJ.com "Spain is the real test case for the euro," says Desmond Lachman of the American Enterprise Institute in Washington. "If Spain is in deep trouble, it will be difficult to hold the euro together...and my own view is that Spain is in deep trouble." The medecine for Spain is pretty much the same as that anywhere else - austerity. But: Mr. Lachman of the American Enterprise Institute is among the pessimists who doubt the government will take this course. He thinks Spain's chronic inability to restart growth will lead it to contemplate a third option: splitting the euro zone asunder by withdrawing from the common currency. That would permit a devaluation that would, at a stroke, increase Spain's competitiveness and allow the economy to grow again. The article points out that the "mainstream" view is that no country would pull out of the Euro. But this article is in the Wall Street Journal - it might not be the "mainstream" view but it isn't a fringe view either. And George Soros (in another thread on this board) seems to think that Greece will be treated with a sticking plaster and that it is Spain that is the real problem.