From the perspective of an American when I look at the problems in Europe the biggest problem I see is not money and economics. The biggest problem that the Euro Bloc nations appear to have a lack of equality. What I'm saying is that this perceived (real or imagined) lack of actual equality, for example, of the Greeks, let's say, compared to the Italians to the Spanish to the French or Portuguese compared to say, The Germans who have the best economy in the Euro Zone now. There is no equality across states perceived or actual. The only real thing that people can count across all Euro states is the Euro as a currency itself.
So, when you have an economic union based upon a Currency but then you have no equality between states or their citizens in regard to treatment then people simply will not choose to work together when the chips are down. In other words, without equality of all citizens in all Euro States, the Euro will tend to cease to exist in a real crisis like this one.
Because if every citizen in the U.S. did not perceive himself as equal to every other U.S. citizen this country could not work at all. But Americans do feel equal to each other in regard to treatment and opportunities.
So, unless there is a way to create perceived and actual equality across all the states something like we have in the U.S. , the Euro zone will soon be no more. This is nothing more than the human nature of the masses in a difficult situation like this. So, either all Euro nation citizens must seriously be equal to each other or the Euro Zone will soon be no more and it likely will have to go back to individual currencies of nation states.
But the world is a strange place and we all might be surprised by what happens the next 10 or 20 years in regard to Europe and the European Union and the Euro.
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