Euro policy must change

I wrote some months ago about how the Euro is a good idea, but will fail if they don’t do big changes to it. It is time for a follow-up; as several European economies are struggling. Greece is the first country and currently the best example that a shared currency without shared financial policy isn’t working. You need to have the same tax regime, the same social policy and the willingness to go in the same direction for the whole zone sharing one currency. Since the countries still decide their own policies – the weakest economies will weaken the Euro. I think the Euro will stay around – but I think the strong economies will force the weak economies to accept that the federal government will put them under administration.