The **EMU** is a different matter entirely, and is doomed, probably sooner than later. Eurocurrency will fail generally for the **lack** of economic cohesion among the economies of the assorted member nations. Imagine if Texas were broadly capitalist, California broadly socialist, NY broadly crony capitalist, North Dakota broadly mercantilist, and so forth, to a greater degree than today. That's what you have today in the economies of Wonderland (my private name for the Eurozone).
>>The EU need not fall, ever, if the EC will lift the heavy hand of the Eurocrats in Brussles. Far stranger political unions (think Holy Roman Empire) have lasted far longer than the EU.<<
But look at the cracks already appearing. Greece’s economy France’s re-emerging (thank God) Conservatism, Denmark’s isolationism.
Europe ain’t the Roman Empire. Too many interests, to much cultural pride (are there any neighbor cultures more diverse than Spain, Germany, France and Portugal in the world?).
The EU will fall. Soon.
Mark my words. It never made sense and it won’t hold. There are no Roman Legions, even in small number, to keep the city/states in line. There is just Bluster in Brussels.
As each EU member sees that it is NOT in their interest to remain in it, they will pull out, either directly (by dictate) or indirectly (by action).
The EU makes no practical sense in the modern world.