The EU is dead, it just doesn’t know it yet. Chatting today to a friend who has been involved in the buying and selling of European banks. I asked him today about the situation of Deutsche Bank, he said it will be renamed DLB, (Deutsche Lehman Bank) Letting it fail would create a global financial meltdown. Germany will have to break every rule in the EU rulebook to keep Deutsche afloat. Then Italy will ask for the same treatment from the EU for its banking sector, which is also in crisis. There just won’t be enough money to go around and the result will be a political and financial fracture which will rip the EU apart.