[nationcrafting]

>Euro as a common currency makes travel super convenient for example, not to mention the Schengen area and open borders.

Perhaps the various recommendations made in the late 80s and early 90s would be useful to reconsider. Hayek, for example, often suggested that the EEC could make every member nation's currency legal tender in all the others, to create a free market of currencies. He was a big fan of denationalising currencies anyway, and of having currencies compete against each other.

Another proposal on the table for many years was the idea of launching the Euro as a parallel currency to every nation's own currency. So, you could still pay your restaurant bills accross Europe with a single currency if you wanted to, but nations would still be able to fluctuate against it in case of trade surplus or deficit, the very thing that has been putting so much stress on the Euro's frequent deficit members (i.e. Greece, Portugal and Spain), and stress on the Euro itself.

[FeepingCreature]

> the EEC could make every member nation's currency legal tender in all the others

Dude may be a great economist, but he clearly has no idea about ergonomics.

Like what, every store has to have twenty different cash drawers? This idea is _spectacularly_ poorly thought out.

[nationcrafting]

I'm not sure. I was in Maastricht for a few months in 92 when the treaty was being signed. Maastricht is a border town between Belgium, the Netherlands and Germany. Every bar and restaurant I went to, every market stall, and many shops easily accepted 3 or 4 different currencies. Today this would be even easier, since so many people just pay with plastic.