Eurozone falling apart

The CNN article "How the euro became a broken dream", describes the situation in the EU and also the present issues that the Euro is facing. Previously a reasonably stable currency, Euro is now losing its credibility as countries who use it can't decide on what policies to implement in order to prevent a crises and depreciasion of the single european currency.  Although it is handy to have a currency that is used all throughout Europe, the current issues with the Euro make us wonder whether it was a smart idea to implement a single currency to a group of countries with very diffrent Economical policies.

Right now, when the first problems are coming up, many countries are starting to think that they have been better off with their own currency, as they didn't have to bail out less economically prospering countries. Even though many countries don't feel like it's fair, I believe that the Euro bailout program is neccesary to increase the stability in the Eurozone. However, it is unfairm especially for poorer countries such as Slovakia and Estonia, as they would be forced to send money to countries such as Greece who's citizens get more social benefits then do people in Slovakia. And now we are only talking about Greece, but what will happen when countries as big as Italy will need bailing out?

I think that the only way Euro could really become a good, stable currency would be if the European council had more power to control the Economical policies of member states, to make sure to prevent problems like the ones that Greece is currently experiencing. However, there is a very little chance that something like this would go through, as most people already think that EU has too much power, and many people don't trust the EU.


CNN Article:
http://edition.cnn.com/2011/09/23/business/europe-euro-creation-maastricht-chapple/index.html?hpt=ieu_bn2