Remortgaging and refinancing in Spain

This is just a thought, usual disclaimers apply. But how about what seems to be the current thinking about the future of the euro: there are 2 speeds in Europe, one is Germany/France axis () and two the peripheral European countries. Could it be that the Euro will be split in 2 "versions"? I personally think it's the most viable option. Politically the German and French goverments can claim that they saved the euro and haven't abandoned their pet project, and the peripheral countries can devalue their currency kindof. Would this make the case for making sure you owe in Euros and you are net Pounds or US dollars? As bad as the situation may be in these other currencies, it definitely looks worse for the euro. Even the Swiss national bank has started putting restrictions on European bonds, which they are averse to doing because it makes their currency stronger.

Just food for thought....