Is the EU going to collapse?

TheSpirits: http://www.zerohedge.com/news/it-just-went-bad-far-far-worse-germany-says-italy-too-big-efsf-save-refuses-carry-euro-bailout-

http://www.reuters.com/article/2011/08/07/us-italy-crisis-idUSTRE7761IA20110807

I've just read those articles. Europe's future is darkening. What are your predictions ?