I could never really ever wrap my head around how the Euro could have ever worked out as a currency.
Generally I get the Utopian idea that a one world currency would make trading easier and eliminate barriers between countries for purposes of trade but I have always wondered if that currency was dreamed up after watching a weekend Star Trek marathon though a haze of bong smoke thinking the “United Federation of Planets” was an awesome idea!
I’m 48 years old now and have traveled and done business in Europe for many years prior to the establishment of the Euro.
When the idea if the Euro was introduced I could not and still cannot wrap my head around it.
The idea of mixing industrial economies like Germany and France with agricultural economies like Italy and Spain (I’m painting with some pretty broad brush strokes here) is something I can’t see to this day. The cultures and economies of those countries are so dissimilar it’s not even funny.
I know that many less developed European countries pushed to the Euro as they we in continual recession. So the concept of of leaning on Germany and France to revalue their currency under a new one seemed great to them.
Bottom line here is that the Euro is doomed to fail. Once Greece goes Spain and then Italy will follow along with any other lesser industrialized country.
If you are not familiar with Europe….imagine smashing together the US, Canadian and Mexican economies. (Yes I know the Amero). How would that work?
All this is just another reason to prepare for a world the will look totally different in the next 4-10 years.