I very rarely change my mind about major policies that I have been promoting but the Euro may have been introduced too soon and some of the 16 states that are part of the mechanism were definitely not ready for the huge financial burden the system placed on them.
There is no need to explain why there is a major crisis within the euro zone as everyone understands the issues. The controversial way to resolve the origins of the problem would be for all 16 euro zone members to surrender control of their economies to the central European bank and have, effectively, budgets and economic policy imposed by the EU and even I don't think the 16 states in Europe are ready for that. It will, however, be a good long term objective to have this system the USA has it after all and if Europe wants to compete in the big world then federalism is a definite must! And yes I know this ideal is as popular in Britain as is having mumps on a Friday afternoon just before you are about to have a good night out but hey I could be the one who is right in the long term on this one. some people thought the earth was flat 200 years ago!
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