the euro was only created in 1992 after fall of communism in europe.
the reason it was created so the europe would not go to war like world war 2 reasoning if everybody had common financial interest there would be deter war.
in event of war fiat currencies or new regime or marshall law states. become worthless.
http://en.wikipedia.org/wiki/Euro
funny thing is that zimbabwe doesn't have a currency,,everybody in zimbabwe uses the euro and US...totall weird...i mean the people in zimbabwe doesn't even have central bank.
letting a foreing entity to determine countries fiscal policy or monetary policy like giving up on a countries soveriegnity..hence the riots in greece,ireland etc.
the reason it was created so the europe would not go to war like world war 2 reasoning if everybody had common financial interest there would be deter war.
in event of war fiat currencies or new regime or marshall law states. become worthless.
http://en.wikipedia.org/wiki/Euro
funny thing is that zimbabwe doesn't have a currency,,everybody in zimbabwe uses the euro and US...totall weird...i mean the people in zimbabwe doesn't even have central bank.
letting a foreing entity to determine countries fiscal policy or monetary policy like giving up on a countries soveriegnity..hence the riots in greece,ireland etc.