Italy’s Prime Minister Silvio Berlusconi has the harshest words for the euro. In 2005, he said the euro has “screwed us all” and blamed it for Italy’s recession. Now, Europe is on the brink of economic collapse, as evidenced by rising unemployment, a huge Greek national debt that is causing unrest, and other indicators that the euro was not a guarantee of economic prosperity. Germany’s Prime Minister has a dire prediction for what will happen if the euro fails. “If the euro fails, Europe fails,” Merkel has said, according to published reports. She warned of a threat to peace in Europe and emphasised the need to protect Europe.