>The Euro is more about the protection of the representative value of the
>nations that adopt it, relative to the diminishing value of their respective
>national currencies, fast becoming worthless relative to questionable
>domestic production and profitabiity. It collectivizes economies on a
>representative basis, so their respective 'tiny' currencies don't get
>hammered by poor numbers and outlooks.
>
Oh, I thought it was just the monetary expression of neo-liberalism in
Europe. In order to use the Euro you have to submit to certain types of
fiscal discipline, which might actually work against national
development (for the less developed nations.)
Joanna