One interesting point is that some individual countries on the euro can't optimize their currency strategy now. The example I've heard a few times that makes se

One interesting point is that some individual countries on the euro can't optimize their currency strategy now. The example I've heard a few times that makes sense is Italy. When they needed to in the past, they could sink the value of their currency to stimulate Italian exports. Now, not so much - and euro stronger than other global countries reduces demand for Italian goods. It'll be interesting to see how the euro works out when a couple local economies in Europe are in bad shape and would love to have a stronger or weaker currency than the rest of the Union.