The Euro is it time to go?

As the Euro continues to exasperate the sovereign debt crisis in Europe and the world stock markets plummet is it time that economically practicality triumphs over the wish for European unity?|||I don't think so. The individual European countries are too small to go for it alone. 500 million Europeans are a big economic power, but France, Germany taken by themselves, are too weak. The Euro was introduced to facilitate commerce and avoid exchange fluctuations that cost a lot of money.





The problem with the Euro is not that it's weak, but that it is too strong.|||Yes, the Euro (controlled by the European Central Bank, which is itself, virtually insolvent due to it's dangerously high exposure to struggling eurozone economies of 鈧?44bn), has and will continue to be incredibly damaging to most of the economies of Europe.



Countries ought to be free to leave the Euro (however, the Lisbon Treaty/EU Constitution forbids it).



When countries have the power to issue and control their own currencies, they are free to determine their own tailor made economic policies, such as setting their interest rates in line with their monetary conditions and other requirements. If the struggling Eurozone countries were free to restore their national currencies, they would devalue and trade their way back to prosperity.



The fundamental flaw with the Euro, is that it was introduced more for political reasons than for sound economic reasons.



Therefore, the Euro since birth has been guaranteed to fail, economically, politically and indeed socially, it has just been a question of when, not if.



It therefore follows that countries which have not already joined the Euro, would be well advised to keep out.



This underlying fatal economic flaw cannot be rectified by the IMF or ECB or other international attempts to rescue the Euro with bailouts, because the fundamentals of the Eurozone are impossible to correct.



The most important priority for the world, is to see the Euro, for what it really is, a desperate and disastrous attempt to achieve political unification, with no economic benefit whatsoever. Certainly the world's currency and stock markets are now recognising the true value of the Euro and the Eurozone, with a long overdue market correction. The never ending bailing out of the Eurozone countries by the world's taxpayers, is in effect just feeding an insatiable, bloodsucking Euro vampire, which should have been strangled at birth.



One of the very few right decisions made by the late and unlamented New Labour UK government, was for the UK not to join the Euro, but even so they saddled up the UK with an unnecessary and unaffordable commitment to support the doomed currency experiment.|||It is a disgrace.





Germany and its b**ch France are holding private meetings to decide monetary policy before summits. In effect other nations have no say.





The problem is that if we had our own currency's our politicians and central bank would be answerable to us. They would have to go on TV because the politicians rely on us to get reelected.





However Germany and France are only answerable to themselves.





The ECB and the Eurocrats are answerable to no one.





The policy makers are not answerable








I am from Ireland. Unfortunately we are now tied to the Euro and we cannot leave. If we re established the punt we would have a lower value compared to other nations, and when we pay back our bailout, it would be more expensive.





However we do need to fight, the lack of transparency in the EU.|||Yes I think it is time for it to go.