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  It works for some countries Roger. Germany for instance, the weaker Euro currencies are weighing it down so German goods are cheap to sell outside the Eurozone. The opposite is true for the weaker countries, they are less competitive because the currency is too strong for their economies so their goods are too expensive, hence their problems which, of course, have been made worse by the massive deficit spending by their governments. This just proves that such a currency union without a political union does not work.

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