Political Will in Europe has Fallen by the Wayside: Strategist

2:00 AM ET Mon, 4 June 2012

Gina Sanchez, director of equity and asset allocation strategy at Roubini Global Economics, told CNBC, "One thing you have to remember about the European Union is to bring together countries in order to keep peace in the region, not necessarily to create an economic union and the architects of the EMU knew that the euro as a concept was flawed."