The Tragedy of the Euro - Euro is no better than any fiat currency. In some ways it is much worse because it has cartelized the management of European monetary regimes and created a terrible moral hazard. (free e-book)

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Any time the power/money situations are "remodeled" it comes out with the people at the top making more and the bottom left out of the economic playing field. Surprise! What is the difference between the feudal days of these eight castle states getting together creating a country (in Europe) and all the countries of Europe getting together to create a new economic entity? It was never about the people it is about the few in charge.