All currency unions ultimately fail due to the lack of uniform political, regulatory and legal systems to provide support during tough times.
I found this, I skimmed it and it seems to be very informative. I plan on reading it in more detail and thought it would be helpful for tzna's research: http://www.cleg.org.uk/The Euro - Success or Failure.doc
Some more interesting reading: http://www.imf.org/external/np/speeches/2008/072208.htm http://www.imf.org/external/news/default.aspx?vc http://www.imf.org/external/np/vc/2008/103008.htm This discussion is timely to me, I'm glad to see the opinions.
If you believe in the goal of globalisation the masters of the universe have layed out for us you don't want to be betting against the Euro because if it fails it's game over for them. More likely you will see 3 mayor currencies coming out of this mess that is a European, Asian and American currency and I don't even know if that's a bad thing or not. The bigger the currency the least people have been affected by the financial crisis so far so why not.
One thing to mention is german public opinion. In germany if you receive some euro notes that were not printed in Germany, eg do not have an x in the serial number you go to the bank and replace them. This is so if the euro fails you will get Deutschmarks and not lira or pesetas. Do post your essay here before giving it to your tutor.
Holy shit. Who does that? You make it sound like this is a common procedure. It is not. The only people who are doing this are conspiracy theorists, paranoid gold bugs and other tinfoil-hat-wearing indivuals. I should know, because I live in Germany. Do not believe everything you read on the internet.
It's amazing how people get so worked up over some snappy new term, especially when it's served with a heaping helping of conspiracy. "Globalization" is nothing more than a race to the bottom -- corporations looking for cheaper labor. Today it's outsourcing, 30 years ago it was called offshoring.