Unfortunately, I think that it is rare to have intelligent, thought provoking commentary on this forum anymore. I don't know if it's a problem with ego, or that it's just easier to take pot shots at each other because we're all safe behind our own screen. Regardless, please keep all the "you suck" commentary out of this thread. I'm really, genuinely, interested in hearing the ideas and ponderings of some of you on this topic. This morning, as the EUR/USD shot to new highs, and Sarkozy in France fired yet another shot across the bow of the ECB, I resurrected an older belief that I once had - that the European Monetary Union simply cannot last forever in it's current state. Whether this is because of nationalist interest, or because of the inability of one central bank to impose one monetary policy over such a diverse group of member states under a varying degree of financial landscapes, something has got to give. Then I saw this an hour or so ago from Peter Wadkins at Thompson: I've also been starting to browse this very well written blog: http://www.euro-area.org/blog/?m=200707 So I ask you...can this go on forever in it's current state?