Like it or not, the euro zone will remain intact, hatching a United States of Europe. - by Michael Goldfarb

Euro Crisis? What euro crisis? That's so last week. The American debt ceiling kerfuffle — now that's a crisis.

That's the attitude around Europe at the moment, following yet another deal last week to postpone Greece's inevitable bankruptcy. Not even the declaration by rating agency Moody's that Greece was almost certain to default, nor the continued rise of Spanish and Italian interest rates has shaken the continent's confidence.

Long time observers of the euro zone understand that brinkmanship — and then a last minute agreement forged by France and Germany — is the way things get done in the world's largest trading bloc.

Vince Cable, Britain's business secretary told the BBC last weekend, "The biggest threat to the world financial system comes from a few right-wing nutters in the American Congress rather than the euro-zone."

For more: With the Euro in crisis, is Europe finished?