-The Eurozone should not have existed. You can't take completely different countries with different demographics, economies and mentalities and have theme use the same currency. The Eurozone will destroy itself whatever whoever does. It CAN'T survive because it was built for a political purpose, with no regards to economics.
The Eurozone benefited Germany more than any other country. Have a look at the current account balance of the Euro members, and you will understand why. Not saying that the German economy has no qualities and it's all the Euro, but still. On the other hand, the Euro wrecked the Southern European economies. Could write pages about that , but in short : Credit boom + Overvalued currency + Misused European funds + Housing bubbles etc...
Austerity doesn't work. The more austerity you have, the worse the recession is, and the more deficit you have. It's an infinite loop, currently tested by Greece. Some people say "You have to put your finances in order, if you spend too much you have to cut your expenses". But austerity measures are like selling the car you use to go to work or to find one. In the short term it's great, then it's shit. Common sense ! If the government stops spending, the economy worsens, more people are unemployed, the governments revenues fall and at the same time unemployment benefits must be paid. In the end you spend less but your deficit gets worse.
-Greece will leave the Euro. It's a question of months, not years, and it's GOOD ! They will default on their debt, elect the communist and even if the first few years will be really hard (well, it's already really hard) they will make it. In the long term, they win.
The Eurozone will explode. When Greece leaves everyone will understand the game is over. Ireland and Portugal are economic zombies plugged to the ECB, Spain and Italy will not be able to finance their deficit with the "market" (at 7% they can't even today). Spain and italy are too big to be bailed out, and the whole thing will explode.
The Euro "rescue" plans are HUGE SCAMS ! With these plans, Spain and italy borrow at 7%, and then lend at 3% to themselves and their banks. How the hell is this supposed to work? The more you "rescue" the Eurozone the worst things will be when the thing goes bust, look at the "Target 2" indicator to the see how much the German will lose when it will happen. Frightening, really.
-It's not about the Greek or German people ! Of course the Greeks cheat more than the German, but why did the German lend them so much money in the first place? Of course the Greek economy is inefficient, but with a 50%-overvalued currency, how wouldn't it be?
-It's about the Greek and German politicians, and they are basically the same. Germany should not have pushed greece into the Eurozone, and Greece should not have cheated to get in. The Greeks should not be so corrupt, but the German should not have corrupted them (look at the arms deals scandals). Germany should not have "punished" the Greeks, but the Greeks should not have played the nationalist card.
The people are screwed by their "elite", everywhere. The Grek state sold the public companies for nothing, the Chinese bought some and screwed the Greek workers. The Spanish bankers destroyed their country with the help of their corrupt, incompetent politicians. The French and the Germans saved the Euro only to save their banks, and destroyed southern europe to gain a few years. I have to many examples of how fucked up our politicians are, so i stop here.
The whole financial system is going to collapse. Plain and simple. It is the biggest bubble in the whole fucking human history, it is UNSUSTAINABLE and is alve because the central banks are injecting Thousands of billions. the biggest crach in history is for the next years, and it is a GOOD thing ! After all this crap is ruined we (the youth) will be able to build a new economic system, like our ancestors did after WWII. it may be worse or a lot better, but it will be different, up to us to make it the most ethic, equitable and efficient we can.
-The global economy is fucked and we are heading to a new Depression, this time at at global level. China will land hard, Japan will default, the Eurozone explode, it will be a complete disaster. Why? because for 40 years we have built massive, global imbalances, and one day things balance themselves. It's called a crisis and the bigger the imbalances were, the worse the crisis is. Maybe there will be wars, revolutions, and it will be really really hard for a few years, but then we will have a different, more balanced world until we create new imbalances and a new crisis happens. A few people have litteraly robbed the world for the past decades (See the whole financial haven thing), and if the System collpases they will fall with it. Bad for them, good for the 99.99% (again,in the long term).
TL;DR : Yes, Greece will leave the Eurozone, and it's good in the long term. Yes, the financial system is fucked, and it's good in the long term. yes, it's gonna be the great Depression if not worse, and it's good in the long term. Off my chest ! Sorry for my crappy Engrish, if you ave any question i'd be glad to answer the best I can.
Edit : When I say we are going to have a global depression, it's not that it will happen in the future, it has already begun. Just to clarify.
The question everyone always asks me...Ok, let's try
Protect your money ! Every major bank risks to bankrupt, so be sure to split your money (if you're rich) in multiple accounts and multiple banks. Your government (at least, mine) guarantees a maximum sum, so don't go higher. Invest something like 10% in gold or silver, if the situation is not too bad you will be able to sell it at a good price just before the situation gets better, if the situation is really really bad it will be even more valuable. If you can go to a unionized (?) bank, which does not speculate and is not exposed to the global fiancial system.
-If you're rich invest in property. A house if the prices are not too high, some land maybe. If you need tools for your job (be it a computer or a tractor), buy them when their prices start to decline, but before the situation is so bad you can't afford or find them anymore. Of course if in your country the housing prices are very high and everyone is like"oh,sounds like a good investment", don't buy!
-Find a job in another country if you don't find one in yours. You will have more experiene, new language skills, and when the situations gets better you will be way more atractive than your peers for the employers.
-Be close to your friends and family. in times of troubles they will be the ones to help you, more reliable than the government.
-Read the news. All the news. From the mainstream medias, the liberals, the conservatives, the left,the right, everyone. I read dozens of newspapers and news sites from a dozen countries every week, and i learned that ONLY THE LIARS TELL THE TRUTH. Really. They all tell bullshit, but by knowing the opinions of the left-wingers you will realize when the right-wingers lie and vice-versa. Same with the Survivalists, the Bankers, the Greens, the Arabs, Communists, the libertarians ,the whatnot. I read Zerohedge and the Financial Times, go to Thinkprogress and Fox news, and so on. Don't let anyone manipulate you.
Again, i'm not saying it will be the end the world, but there are very strong evidence that we are heading to a global crisis. It happend before and it will happen again. When in 2007 i told my friends and family "the housing bubble in the US is going to bust, it will be really hard" they didn't believe me. Same in 2009 when I said "In 2012, maybe 2013 Greece will leave the Eurozone". Information is key