Bottom Line: A single form of government must come before a single currency. To reverse this sequence is absurd. The British and Swiss knew this from the start.
Facts:
1776 13 colonies declare Independence from Great Britain.
1791 The US Constitution is ratified effectively creating the United States of America.
1913 Passage of the Federal Reserve Act creates the first unifying monetary system in the US.
The EURO was unnecessary:
The creation of the European Union is a good idea. The creation of single currency showed a lack of understanding between the relationship of monetary policy and government policy. When the two are left to go in different directions- default and currency collapse are simply a matter of time. Once citizens of a country learn that they can vote themselves government payments without regard to the source of those funds, they will continue to do so until no money is left.
The rise of Germany:
Germany is accepting obligations of financially weak Euro members and yet is not getting any tangible assets from the counter parties. The German people will not let this go on for much longer. I am not talking about war - after all why destroy Greece militarily? You own most of the darn thing already that would be like bombing your own home.
France- the role of first follower:
An essential ingredient to being a leader is that you have a follower. Due to mutual banking interests (Soc Gen and DB), France will support Germany. Being first follower often takes more courage than being the leader, so give France some credit when it occurs.
Lastly- Ignore the BS that is reported in the media since it is all prepared for "public consumption". France complains they are not being consulted- this gives their government cover. Germany complains about speculators but they know they need the liquidity that speculators provide. Blah, blah, blah....
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