The euro crisis is not a crisis of the euro, but a crisis of capitalism. Capitalism has suffered a major global slump of unprecedented proportions that mainstream economics did not see coming, cannot explain and has no policies to deal with. The Euro project, a product of France-German capitalism to compete in world markets, has been put under immense stress as a result. Neither the policies of austerity (cuts in government spending and reductions in public debt) adopted by the Euro leaders nor the Keynesian alternatives espoused (more government spending and borrowing, devaluation and leaving the euro) will restore sustained economic growth. Advanced capitalism is in a Long Depression that will only end when the profitability of the productive sector of capitalist production recovers. That may take longer than the euro project can bear.