Got nothing to do with 'brains'. Only a fool didn't realise that this mess would come unstuck at some stage in the future, not because people who forecast are so clever, rather because reckless lending always has and always will end in disastor. The 'euro fools' actually played the game just as it's supposed to be played, gambled with money that wasn't theirs, made massive amounts of money in salary/bonuses and then let others pick up the losses whether that be shareholders or tax-payers. A lot of very rich 'euro fools' running around euroland at present, assuming of course they didn't blow their wads.