10 Reasons Euro Was a Dumb Idea

We now have to rescue whatever is left to rescue of the euro, at any price. And as the crisis continues, one thing is abundantly clear: a decade ago, when the currency was introduced, we were way too gullible.

Here are 10 reason why the euro was a mistake. Some of them – superficially at least – seem fairly obvious. Some were aired, and discarded, in the various public and private debates that took place in the 1990s. Other aspects were simply overlooked at the outset, even by currency’s most ardent opponents.