Euro is doomed?

Like it or not the Euro is doomed.  So goes the title from this CNN article.

Further quotes from the article:

"Three years after the first 'once in a generation' financial crisis, we may now be entering the end game for a euro of 17 countries,"

"It's the ECB or bust," Leach said. "Unless the ECB begins to operate as a sovereign lender of last resort function, with massive purchases of eurozone public debt, the inexorable logic is that the eurozone will break up."

"All of the harebrained schemes invented so far to resolve the crisis in euroland remain half thought out, unfunded and unimplemented...and therefore, still harebrained," 

"the ECB's balance sheet is already shot to pieces. It's massively over-leveraged."

As is pointed out later in the article, not all economists agree.  Personally, I have a hard time believing the Euro will disappear.  OTOH - that certain countries may have to leave the Euro is not implausible.

I have a hard time understanding why the ECB does not want to increase the money supply.  The Americans have been making fortunes simply by printing more money...  This hesitation seems extremely conservative considering the current situation.  Whether it is the correct attitude or not - only time will show.