The re-eruption of the euro crisis as sparked not only economic and financial concerns, but maybe even more important the crisis is now very clearly leading to serious political disunity exemplified by an article the Spanish newspaper El País in, which Chancellor Merkel (somewhat unjustly) was compared to Hitler. And it is pretty clear that Germans are unlikely to get the same level of service if they go on vacation in Spain, Greece or Cyprus this year.
The political disunity in Europe should hardly be a surprised to anybody who have read anything Milton Friedman ever wrote on monetary union and fixed exchange rate regime. His article “The Euro: Monetary Unity To Political Disunity?” from 1997 has turned out to have been particularly prolific.
Here is Friedman on why the euro just is a bad idea:
By contrast, Europe’s common market exemplifies a situation that is unfavorable to a common…
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Utopia, you are standing in it! 
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