We see it everywhere on the news now, but I'm sure many of us saw this coming a long time ago. I sure did. This entire thing reeks of a one currency world. In a sense European nations have lost their identity throughout this time and inadvertently fell under a large umbrella called the EU. No longer are they seen as an individual country instead they are seen as one big country divided into states.
I know a limited amount about this topic so I looked up European Union on Wikipedia. It defines it as "The European Union (EU) is an economic and political union or confederation of 27 member states which are located primarily in Europe."
27 States being: Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, and United Kingdom
What I noticed as interesting is that they have a motto. Well OK that can be viewed as normal, but then I see they have an anthem. That struck me as odd only because I relate an anthem to a nation. The EU represents themselves as an "economic and political union or confederation" which doesn’t sound like a nation. Maybe I’m looking too much into it.
With the economic situation going on in Europe (Greece wanting to leave Euro ect.) what do you see as the major mistake in these countries having accepted being part of the EU? I see one thing and that is not having their own currency. Would less currency competition cause other countries currency values go down putting them in a position of caving to the EU?