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June 8, 2005
Will the Euro End?
In a previous entry, I speculated on the valuation of the Euro -vs- the Dollar, should a widespread adoption of the European Union Constitution fail. I proposed this as a good question for the folks over at Marginal Revolution. Well, similar questions are popping up over there now, with speculation over whether the actual monetary unit of The Euro" will come to an end altogether.
I've always thought that the base reasoning for the adoption of a single currency for Europe was wrong. It wasn't all about economic health or creating a stable and healthy economic unit. It was about competing with the economic power of America. If it was about the economic health of Europe, and the potential EU states, things would be much different.
Posted by Lockjaw at June 8, 2005 11:03 AM
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