[jwieczorek]

Yes, Euro is a disaster. It's a predominantly ideological project that economically is totally unsound. Okay, it was conceived as a way to boost the German economy (before Euro the German mark was just too strong so Germany couldn't export as much as it does now) but ends up painfully backfiring at all Euro economies. First the weaker economies (Greece and Italy) and now Germany.

[pgeorgi]

> it was conceived as a way to boost the German economy (before Euro the German mark was just too strong

Interesting theory, but I wonder when the German economy was so strong that Germany forced the rest of Europe to agree to the Euro:

When the first plans for an economic and monetary union within the EEC were brought up in 1969?

Or in 1979, when European currencies were pegged against the ECU, stabilizing exchange rates (and taking large parts of monetary policy out of the member states' hands)?

Maybe in 1989 when France made German reunification depend on Germany committing to the monetary union?

[inflatableDodo]

>Yes, Euro is a disaster. It's a predominantly ideological project that economically is totally unsound.

It has been running for about 20 years, becoming the world's second most traded currency after the dollar and without it Europe would still be a mixed bag of national currencies rather than being one of the big three economic powers.

If the euro is totally economically unsound, then I must say that it is doing rather well considering.

Personally, I store all my wealth in a 3 ton rai stone sunk in deep water 60 km NNW off the isle of Yap. There are some limits on fungibility, but the transaction security is excellent.