http://www.guardian.co.uk/business/2010/dec/15/euro-fights-for-life-after-traumatic-yearsThe almighty Euro, the savior of Europe's merging into a superpower, the sublime answer to the hegemony of the American Dollar...
...The Germans don't seem to want it anymore.
Once the Germans go back to the Deutsche Mark, the Euro will crumble.
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Redhawk sez: I think the financial bubble we're in right now can be layed (partially) at the feet of the Euro's creation. It was a currency that was designed from the start to destabilize the "gold standard" currency that was the USD. Soros and other speculators bet heavily on the Euro's short-term popularity. We saw it rise artificially, causing damage to the Pound Sterling and the US Dollar. While the housing bubble certainly hurt a lot and destroyed trillions of dollars of credit and revenue... the depreciation of the dollar due to purely speculative reasons compared to Euro pipe dreams of an "EU" that can rival the US, hurt us while causing no real benefit to Europe.
A shame, all around. It was foolish for France, Germany and Ireland to join together with the likes of Italy, Greece and Portugal. They signed their own bankruptcy notices the second they did it... it just took 15 years for the note to be printed.
