It has a big budget deficit and deep structural problems (more than half of Portuguese adults left school at the minimum leaving age).

ECONOMIST: Charlemagne

The core economies have deep structural problems and the world economy is in a state of disequilibrium, says Jan Dehn, an economist at Ashmore Group in the U.K. Ashmore has its hands in emerging market debt.

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He called the eurozone "a miserable microcosm of low or zero growth" and argued that, in keeping the euro for the foreseeable future, Europe's leaders had helped to preserve "the deep structural problems that the euro helps to create and intensify".

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Nothing in the euro zone's history suggests the offer of blank checks, whether from the ECB or bailout funds, will do anything other than buy time time that will be squandered rather than used to address deep structural problems arising from inflexible labor markets, inefficient bureaucracies and unaffordable welfare systems.

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"The allegations that have been made in the last 24 hours suggest there are deep, structural problems with the way our market works and is regulated, " she told MPs.

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What ails the euro are Euroland's deep-seated structural problems.

FORBES: Sidelines

More importantly, continued policy focus on income redistribution perpetuates the idea that income inequality is the root of middle class economic problems, rather than the effect, allowing for the continued avoidance of the deep-rooted structural issues in the U.S. economy.

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