[cmurf]

This is like saying the float on currencies should be abolished, which effectively is already done by Euro countries within the EU. They can't each set their own monetary policy independent from the EU, but they have sufficiently different economies if it weren't for having one currency, they'd have float to make up for their differences. So now the EU is trying to take away yet another mechanism by which countries are trying to get some aspects of currency float back. I think if this decision stands, it will put more pressure on the EU. And I don't think that pressure is likely to be relaxed by countries giving the EU more centralized control over monetary policy - most EU countries just aren't up for that.