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  The Euro is different because they are trying to cobble together a lot of different countries into a single currency. These countries have different needs and are on varying economic cycles. Each country, despite a common currency, sets its own economic policy, tax regime, spending and borrowing policies. This just does not work and we can see how the 'PIGS' are suffering so badly at the present time. They are locked into a rigid system in which the currency cannot float and take a part of the burden.
  
  The USA is a single country though a Federal arrangement of different states.
  
  One strong objection that I have for the EURO is not only that it does not work, as presently conceived, but it is a political rather than economic strategy. It is designed to be a part of a future European Superstate with, eventually a common economic policy, simply because that is the only way the currency can work. Even then there will be great difficulties.
  
  I want nothing to do with any Soviet Socialist European Superstate deciding on my tax rates or anything else to do with economic policy here in the UK.

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