Europeans are known for their Innovation and Invention.Without doubt they gifted great Inventions and discoveries to the world.After the WW-II they built European Union and started free trading Commerce and common currency Euro again they built Fortress Europe and a dominant force on Global map.Last century they had their colonies across the globe, assured source of raw material supply but they lost and third world emerged as a new bloc.If they cooperate with third world and coupled economically and offer technologies then they can come out of crisis.
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Chris: the Euro is the EU, therefore if he Euro collapses so to does the EU, the currency their only commonality. In the end its a balance of power and sovereignty issue. Productive countries will NOT relegate their citizens to slavery for the EU
Lions Den: The EU exists for half a century, the EURO and the Eurozone only for a decade. You need the EU to have the EURO, but not necessarily the EURO to save the EU.
For all practical purposes, without the Euro -- what's the point of the EU-free travel of goods and people between European countries?Obviously the EU will survive b/c European countries will survive, but not as a united economic global power.
The EU never was a united global power. The EU is a club economies, who share the same continent, same borders. Not much more. Did work without the common currency and will work without.
Chris, I stated "economic" global power and yes they have been united since the introduction of the Euro -- hence the term Eurozone. We'll agree to disagree on this issue. History shall determine the matter.