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The problem with European currency union was the decision to allow some of the peripheral EU countries to be members. In fact, the economies of Germany, France, Austria and Benelux are very integrated and interdependent and, for them, currency union made sense. For that reason, the Euro will not go away. What will happen is that the strong countries will simply take control of the weaker country's economies.
What you are saying here is that in the end there will be Communism. Thanks for proving how dangerous this idea really is.
Europeans look to another federation that made a currency, military and political union work over two hundred years ago. Before 1789 America consisted of bickering independent states that issued their own currency, raised militias and had many different laws where no one called the shots.
America was truly weaker than the sum of its parts. Could one imagine a North America consisting of 20, 30, or even 50 small rag-tag independent states? How about a land where people dealt in New York Pounds, Lousiana Francs or Livre or Texas Pesos. In fact the money of the Americans was so worthless that much of the business was done using the gold and silver coined by his Majesty King Carlos III of Spain in Mexico and Peru. We Americans buried our hatches and created a common currency the United States Dollar and two centuries later that economic achievement speaks for itself. Who can blame the Europeans for wanting to copy what the Americans have done ?
If the Eurpoeans wanted to do what America did, there wouldn't be seperate countries. If you have seperate countries you need seperate economies and currency. That's the only way it works. If you can't see how this is turning into a bad idea, I have some waterfront property in Kansas to sell you.
Actually most Europeans are happy with the Euro and the European Union. I guess they understansd there are ups and downs in economies. Of course those who don't understand, like to cry out in bad times, and in good times, they just sip their beers and say nothing.
The only Europeans happy with the Euro are the ones who got brought UP by adopting it. What about the countries who had to come DOWN? I'm sure they aren't too happy with it.
No different to the effective control that Washington exercises over the economies of the different states.
That is complete BS. BTW, the states are IN THE SAME COUNTRY! What you suggested is strong arm Communism having a stronger country take over the economies of the weaker ones. Where;s the sovereignty in that? Oh that's right, Progressives, errrr I mean Commies don't want that, they want complete control over the slaves.
The only Europeans happy with the Euro are the ones who got brought UP by adopting it. What about the countries who had to come DOWN? I'm sure they aren't too happy with it.
It's been 10 years since the introduction of the Euro and you think the currency should function like a currency that has been in existence for decades or even centuries. That is absurd. It's a currency, not a text message where you get a response in 30 seconds.
If the Eurpoeans wanted to do what America did, there wouldn't be seperate countries. If you have seperate countries you need seperate economies and currency. That's the only way it works. If you can't see how this is turning into a bad idea, I have some waterfront property in Kansas to sell you.
Your grasp of history isn't very good
If you look at the history of Europe, the story is one of gradual amalgamation of individual countries into larger ones. Both Germany and Italy were created as late as the 19th century. The UK was created in 1707. France absorbed Burgundy and Brittany ... etc, etc.. The EU is just another step on the road and is very well accepted by the vast majority of Europeans.
That is complete BS. BTW, the states are IN THE SAME COUNTRY! What you suggested is strong arm Communism having a stronger country take over the economies of the weaker ones. Where;s the sovereignty in that? Oh that's right, Progressives, errrr I mean Commies don't want that, they want complete control over the slaves.
It is fundamentally the same thing. You are mistaking form for substance.
It's been 10 years since the introduction of the Euro and you think the currency should function like a currency that has been in existence for decades or even centuries. That is absurd. It's a currency, not a text message where you get a response in 30 seconds.
Don't be so clueless. It DOES NOT work. It causes exactly what you are seeing in Europe today. The weakened Euro along with giant entitlement spending is causing riots in Europe. Sounds lovely doesn't it?
Here is an example:
You have all countries on the same currency. 1 country has absolutely NO economy and doesn't have the means to produce one. All the other countries now have to pick up the little guy and keep feeding them money to keep them afloat since their standard of living is much higher than what they are capable of producing through their own economy. Every country's economy has to carry it's own weight or it drags the entire system down with it. Each sovereign country needs it's own currency so the change over of currencies matches what that little country is producing. It's the way it ALWAYS worked.
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