No, this could totally have worked. Once the Euro was implemented, they had a choice: Either do what's necessary for real large-scale labor-market mobility (wh

No, this could totally have worked. Once the Euro was implemented, they had a choice: Either do what's necessary for real large-scale labor-market mobility (where migration becomes a typical part of life and a substantial part of every paycheck gets remitted back to one's family), and-or create a fiscal union where Spanish spending gets subsidized by German taxes for the sake of unity. They opened the door a bit to the former legally but didn't force the issue sufficiently to make the numbers work, nor did they let economies collapse in ways that cause large-scale migration (preferring to buoy them up with unsustainable debt). They did little towards the latter. This was inadequate, and caused a massive, entirely foreseeable debt crisis because the ability to print money for the use of a single national economy that desperately needs inflation, was lost. The thing that the Eurodollar politicians were trying to force the 2000's politicians to do, did not come to pass.