Why dont they just drop the Euro and go back to their original currencies?

[vigilante]

The Euro is a big problem. Ever heard the old saying if it aint broke you dont fix it. So why did they switch to the euro in first place? There was nothing wrong with the old original currency. Its the U.S Dollar that needs fixing. The US Dollar was very strong when Reagan was in office. It was weak when Jimmy Carter was in office and Reagan fixed it.

Old saying for narrow-minded people. Europeans re about something new. Single currency is a requirement for integration of markets and also a result of custom union. And it works well, except for local administrative mistakes. Budget deficit has nothing to do with the value of the exchange rate.

 

[steveox]

Then why now the American dollar merge with Canadian dollar and maybe the economy will get better.

 

[dogtowner]

That's silly question. Nothing wrong with Euro. Problem is Greece's nerver ending budget deficit and it's incompetent governors. The system is working in the rest of Europe with minor problems.

not really. reference Spain, Italy etc. for the same reasons.

 

[Aus22]

A single European nation currency will be much lower than the Euro. This might suit some people as the debts would be lower. But it would weaken Europe as a whole.

The American dollar is stronger as it is the international currency of exchange. However it is now fallen below the Australian dollar.