Wow! While some people write about the euro as a flaw and they talk about the future collapse of the euro I just have realised that the citizens of the eurozone should be very proud because whatever it happens with the current euro, the euro will become an example for future generations as it may be the more advanced currency in history ever made!
Let me explain myself!
Imagine that in the future, someday, people in planet Earth decide to have a unique currency. This may not happen tomorrow but, who knows, it may happen in 200 years times, maybe.
Well, if this happens, it may happen that at that time the planet is just made still by more than a state or superstate. Let’s imagine that it is made by 500 tiny states or by just five mega statecontinents or something. Well, whatever the number of states, once they decide to have just a single currency they will look into the past. And then when they look into the past they will see that there was a time that some foolish Europeans (including THE.CAT) had the crazy idea to create already a single currency. So they will study what happened to the euro! So, in the future, people will be very happy with the euro because thanks to us, they will be able to know better how to create a shared currency!
Needless to say that these people of the future will look at the euro as a way to say what went wrong or right with it. I even doubt that they even remember the existence of the dollar or the pound as they would look just for greatest ideas of the past and not for conventional natioanl currencies with no extra-value for them. Even if the euro collapses now I am sure that this collapse will be studied in the future so that they can do things in a better way!
On the other hand I have realised too that if we have in the near future a global currency it will be of course the euro and not the dollar! Why so?
Let me explain too:
If the eurozone is able to make the euro survive the eurocrisis then the euro could be an example of a currency shared between different countries! In some UK newspapers they always criticise the euro because they say that a currency shared with different countries cannot work because there is not fiscal union, etc. Well, the case is that in the continent maybe we have been fools with the euro but it is sure that we are also learning. If a currency revolution is brought to the world it will come from the eurozone.
In some way the euro is an experiment! Here in the eurozone we are trying something new! And we are learning from it. People near the experiment, like the UK, are afraid that the chemistry we have put into the experiment explodes and they get wet from our crazy experiment. Well, if they are so worried then maybe they just could help to make the experiment work. After all, the British are one of the few outside the experiment that have direct access to the experiment!
But if the euro experiment succeeds it is obvious that the eurozone and the world would have found a way to maintain a currency among different states!
What I mean is that the euro could put the rules of how to create a currency and share it!
In the next months new rules will apply to the eurozone! We are learning from own our mistakes! The euro is making us wiser! If the euro succeeds then other countries could join the euro because we will know better what we need to control the currency. So country by country could join the euro.
The euro could be the start of a currency revolution!