The Euro is similar to the US Federal Reserve Note in that it is a fiat public currency issued by a private banking cartel. Since all currency created by that bank is in response to a request for a loan at interest, more money is owed to the bank than actually exists. New money to pay the interest is created by more borrowing, but the interest still exceeds the available money supply.Absent a new source of wealth to satisfy the bankers, the interest on the money is paid by looting the lives of the general population. When the accumulated compounded debt gets large enough, the currency and economy will collapse. History has shown this to be the inevitable outcome of this style of banking, yet supposedly smart leaders still deliver their people into the clutches of the private bankers in exchange for a small pittance of gold.
These supposedly smart leaders would have done well to have heeded the words of former US President Woodrow Wilson, penned just 6 years after he signed the Federal Reserve act. "I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world - no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men.
History repeats, which is what pisses me off about history.