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RE: Why the EURO is a ...scamcoin
The fact that the U.S. can print the dollar at will is one of the major reasons we are in "better" shape than the eurozone. All those countries became handcuffed as soon as they did not have single sole control to their monetary policy.
Sadly, the fact that countries print there way out of trouble is scarey in itself.
But yeah, the Euro has been a disaster. It was an idea for a currency that could maybe make a run at the USD status as the reserve. Wasn't worth the fallout for that experiment.
Between the two options (to print your way out of trouble, or to have an externally controlled currency) the first one is better by far. The second simply makes you a slave to those who are able to print. It doesn't work at all unless a whole sort of criteria are met. You can't do anything really: The entire economy can be held hostage with a simple event like an anomaly that requires a large budget deficit, or a bank that has some kind of problem.