This is misguided: there is a definite cost/benefit tradeoff in having a common currency. Common currency means no independent central banks, which could use m

This is misguided: there is a definite cost/benefit tradeoff in having a common currency. Common currency means no independent central banks, which could use monetary policy to devalue independent currency and stimulate exports. Not having the ability to do this puts these countries at a serious disadvantage in a recession.