Quote Originally Posted by Beskar View Post
The Euro isn't faulty. It was the economical ministers of various countries who didn't use the opportunity of the Euro to reform and invest, opposed to blowing it all on partying.
Rory has already beaten me to the punch: "Saying the Euro would work if it were not for Europeans isn't much use."

The euro, as presently constructed is at fault, having a monetary union without a fiscal union is quite frankly retarded.

Having a fiscal union only works if your collective peopleS will accept a transfer union, to prevent imbalances tearing your 'single' economy apart.

Anyone fancy asking a hard working german how keen they will be to bail out portugal before christmas, having already bailed out ireland and greece?