[LarryLied]

When you integrate your markets and share a currency in the European Union, you are creating the conditions for security and common purpose.

The Iron Lady disagrees:

I believe that:

• The European single currency is bound to fail, economically, politically and indeed socially, thought the timing, occasion and full consequences are all necessarily still unclear.

• It therefore follows that countries which have not already joined the project would be well-advised to keep out.

• This failure cannot be rectified by American or other international attempts to rescue the euro, because the fundamentals are irremediably unsound.

• The most important priority for the non-Europeans is to see that European policies do as little harm as possible now or later to the world economy.
  ---Margaret Thatcher, "Statecraft"page 354

[Miss Marple]

Well, Larry, they have already done it. I guess it doesn't hurt to give them a few harmless compliments. We don't use the Euro, and I think Britain is resisting it.

I see already there is some talk about ditching the Euro. We will just have to see what happens.

[patriciaruth]

Why to you think the fate of the Euro will be different from the fate of the new American dollar which replaced the separate currencies of the thirteen original colonies of the United States?