The notion of a single currency for such a wide and diverse spread of nations is a nonsense.

 It is a monster out of control with no regard for the individual financial identities of the nations who so foolishly subscribe. Competition and therefore growth is best nurtured by the cust and thrust of currency against currency. To pool everything in a big pond is in contradiction to the competitive nature of trading. ....and indeed to human nature, our ancestors created the " Market" by their diverse inputs..so I would argue that multipility of currency in the market place is fundamental to our nature and has served us well for thousands of years! The EU and its "single currency" is "Fool's Gold"."it will never work. What will work is a currency, ergo identity, for each nation, joined in union of purpose, but not hat of worry over whose pennies are worth more than theirs. :Text may be subject to copyright.This blog does not claim copyright to any such text. Copyright remains with the original copyright holder.