Euro must regain 'credibility' says Merkel

When Britain, France, Germany, Spain, Italy, Portugal all had 'empires', the rules were made to extract the wealth of the subservient nations, at virtually no cost to the imperialists.

Everything came in as a profit.

Since the demise of 'empires', we have had to fall back on our own resources, and/or PAY for what we used to literally 'steal' from those colonies and other subservient nations, and regions.

We tried to become imperialist in a more modern sense, by warring amongst ourselves, in the expectation we could turn neighbouring states into cheap labour camps, to do so, some turned to fascist methods, easy to do when in decline, as our erstwhile 'empires' came out from under our direct influence, and our economies slumped in onto themselves.
Britain, with it's vestigial empire remained a force to be reckoned with, globally, until we were forced into a state of collapse by being threatened by the Nazis.
Some say, thankfully, the Americans came into the fray on our side, no doubt about their involvement, but we have had to pay seriously for that help. Others think differently, as subsequent events have proven to be the case.

The system under which America does business, more or less exported to the rest of the post WW2 world, has shown itself to be ultra cyclical, and easily affected by, seemingly, slight wobbles. Or as often said, when America sneezes, the rest catch a cold.

This time we have all developed pneumonia.

To say the Euro is not viable, a regular cry from those with all the money in off shore accounts, or covertly stashed away in secretive accounts in Switzerland etc, can be easily show to be a case of crocodile tears, it HAS worked for the Dollar in the USA, it can and WILL work for Europe.
Federalise the whole of Europe, with or without the UK, and watch Europe take off.
It needs only the will to do it, but what it does not need is the doomsters and Euroskepts that fester within our legislature, and infect our peoples with false claims, which are little more than media scare stories, to give the little minded, "little englanders", nightmares.

It would only affect the average citizen, by the fact his coinage would be universal, instead of exclusive.
They can pay me in soap coupons, or sheets of toilet tissue, just as long as they can be exchanged for food and other goods, I couldn't care less.

That by joining the Euro some very mega wealthy people may get a bit less than they already suck out of the system, worries me not one bit.