Imagine that the euro had never been introduced and we instead had had freely floating European currencies and each country would have been free to choose their own monetary policy and fiscal policy.
Some countries would have been doing well; others would have been doing bad, but do you seriously think that we would had a crisis as deep as what we have seen over the past seven years in Europe?
Do you think Greek GDP would have dropped 30%?
Do you think Finlandwould have seen a bigger accumulated drop in GDP than during the Great Depression or during the banking crisis of 1990s?
Do you think that European taxpayers would have had to pour billions of euros into bailing out Southern European and Eastern European governments? And German and French banks!
Do you think that Europe would have been as disunited as we are seeing it now?
Do…
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Utopia, you are standing in it! 
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