There’s no doubt that sharing the monetary policy does not work when each individual government has a different fiscal policy. I would be angry if I was a French or German citizen who’s government will end up bailing out all the weak sisters who don’t want to tighten their belts. Europe is a boiling couldron. The originators of this European Union eventually want an economic engine that rivals our own. They want all of these countries to give up their sovreignty by guile.
In this article, A Continent of Losers, the author wonders whether ethnic Europeans will, so to speak, consolidate into 3-4 countries and leave the rest to be given over to become Eurarabia.