I am not sure I agree. The primary difference between pre and post EURO Europe is that, individual EURO countries no longer control their own currency. In time

I am not sure I agree. The primary difference between pre and post EURO Europe is that, individual EURO countries no longer control their own currency. In times of economic crisis, countries can manipulate their currencies to make their economies more competitive internationally, and/or inflate their way out of a debt crisis. Despite what the media is saying, the U.S. is not in a debt crisis, we have many tools at our disposal to prevent default, including currency manipulation. The EU on the other hand has a handful of countries that are in serious jeopardy of defaulting.