Europe is not ready for a single national currency; therefore, the euro will fail.

Dec. 5, 2011 - PRLog -- Sahit Muja: Europe is not ready for a single national currency; therefore, the euro will fail.

What it would take for the euro to succeed would be a single, democratically accountable European government, in which the present national parliaments become mere provincial assemblies handling regional matters such as education and transport. The French do not want to be led by a foreign prime minister who can't speak French, nor do the Germans want a foreign prime minister who can't speak German.

European nations are not ready to yield sovereignty to the degree needed for a single currency to succeed.
A top-down, undemocratic solution imposed from Brussels will lead to unstable governments, rising populism, and finally a government that rejects austerity and chooses to default and exit the euro.

This is especially likely in Italy, and an Italian exit will lead to irreconcilable differences between France and Germany that destroy the euro.
It is deluded and laughable in the extreme to think that leaders of EU without any business experience can run the largest economy in the world.

Europe need a new influx of entrepreneurs  who are in touch with the marketplace and can shape the future.
The socialist ideology is a seed of the destruction for the global economy.

This world would have been happier if that being that invented the idea, which later became called socialism, "liberalism " had been strangled at birth or better, terminated before birth.
It's the governments that spend too much, under pressure from their electorate that doesn't accept cuts to benefits coupled with the banks shortsighted imagination.

The banks and financial institutions invested in bed places now they have to suffer the consequences of their irresponsible behavior and no solution is out there.  

The gamblers in European bonds has dice with  financial death. They bet on the debtors not going bankrupt or, in the case of government debt, the wretched taxpayers coughing up more dollops of dough to save their bacon.

Europe and the rest of the financial gamblers, can go fly a kite. They, and their greedy clients, deserve bankruptcy themselves.
Europe already turned away from capitalism when we started bailing out private corporations, and interfering/manipulating other free markets like housing

Sahit Muja
president and CEO
Albanian Minerals
New York

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Albanian Minerals is Metal Mining and trading Company one of fastest growing mineral company in Europe