“I believe the now 28 member EU will be whittled down in half in the next few years.”
They recreated the Soviet Union, a government with no territory. It will most likely collapse the same way as the Soviet Union, only with no nukes and stolen fighter jets. People stuck with Euros will be hurting as there is nothing to back the currency. Fiat money only has the value you and I agree it has. When you decide not to accept it anymore, I am stuck with wall paper.
Gen.Blather wrote:"... People stuck with Euros will be hurting as there is nothing to back the currency...."
A family member traveled to Europe last month and spent some time in Italy, Sweden, Denmark, Norway, Hungary and London. Each country continue to use their own currency or credit cards. The Euro was not used much at all.