Quote:
Originally Posted by Yoko Takeo
That's the difference between the US and the EU, you see. Each state in the US defers to a single government whose leader is based in Washington DC. The EU has no such leader, but simply a delegation of country representatives, each one with their own government. Like you say, other countries did not contribute to the Euro's strength, oftentimes because it couldn't. Take some countries like Slovakia, Slovenia or even Malta, all of which have adopted the Euro but don't exactly have much to contribute compared to Germany, France or Italy. You can't compare their productivity to bigger players in the Eurozone at all, nor do they have vast reserves of gold. Plus, each one has its own government rather than relying on a single governing body the way a (poorer) state in the US would. There's too much of a separation and individuality in Europe compared to the US.
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i see the current Eu as something like the confederation of states in the US after the Independence war. You had 13 states each going their own way with a weak central government. Europeans are going to have to decide whether they want EU with a strong central federal government or dissolve the EU and the euro. This sort of halfway governemnt that is the current Eu just doesn't work in the long term.