>Isn't the Euro going to have a negative effect on the
>weaker economies? They'll be stuck with a strong
>currency (relative to their economies), so surely that
>will have a negative effect on their domestic
>economies. What's to stop what happened in Argentina
>happening in Greece or Portugal?
Excellent question. One countervailing possiblity is that the combo of a common currency, no trade barriers, development subsidies, and lower wages will bring investment to southern Europe. This is one of many reasons why Timothy Garton Ash described the euro as a hair-rasing experiment in unification through money.
Doug