Euro is useless because when countries adopt it they essentially forgo any rights to seigniorage [ difference between face value and cost to produce the money] and they also lose their fiscal powers to fill spending gaps when the non-government sector is unable to do so [which is pretty much always].Originally Posted by Macca
The strongest nation in the Union essentially dictates monetary and fiscal policy for all nations and does so without any regard to how it impacts on other countries.
Had the Euro never come to many countries they would have been able to avoid the social and economic problems much of Europe is experiencing today.
Greece for example who are very rich in oil / gas would never have faced the issues it currently faces were it not for adopting the Euro. They could have exercised fiscal and monetary measures to suit themselves rather than be forced to adopt ones that gave Germany a competitive advantage.
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