How long can the Euro succeed if it has to bail out its member nations all the time?

Portugal, Italy, Greece and Spain need help. Now there is talk of Ireland too. England, Germany and France can only do so much.|||Those countries needed bail outs due to especulation coming from Standard and Poors, etc...That`s way they are falling..England is not an eurozone country!


germany and france are getting lots of profits from those countries when 'lending money'... they have to pay high taxes..


plus the so called european integration was just an appealing expression germany and france found to manipulate and dominate europe again.|||You know England aren't in the Euro, right? We're refusing to financially participate in the second bailout of Greece because the Euro isn't our responsibility. We did however, contribute eight billion euros to help Ireland because they are one of our major trading partners.



In answer to your question, I don't think the Euro will succeed. Who thought putting such diverse countries as Germany and Portugal together in a common currency was going to work? In my opinion, countries need to be able to devalue their currency when they need to and to control their own interest rates.



Edit: In answer to the person who is talking about Hitler, when I said diverse, I meant economically and culturally. Zimbabwe and Burma are both nations ruled by dictators, that doesn't mean they're prime candidates to establish a common currency.|||Is the Euro, like King George during WW1, the sole voice of humanity or is the voice of humanity a competency (responsibility) and King George therefore wasn't humanity making the book writing MPs (and interests) that instructed the Generals planned fraudsters?



Or



What would you give to defend lawyer comprehension?



Edit



Andy does know that when news of Hitler's death arrived in Portugal the establishment there flew their (Portuguese) national flags outside public buildings at half ******* mast doesn't he?|||Hmm... You seem to be still looking at all this as if there were some innocence... that's the plot behind the euro. You see, all the countries that joined the EU Had to agree not to let their national debt fall below a certain percentage, this is easy enough for the big countries with industry and large trade but the little guys have no option but to privatize their public utilities gas, water, education, hospitals etc... it's a money grab scheme, and BOY does it work! Look at all the smaller countries and tell me I'm wrong...|||So suppose the rest of Europe balks at the idea of additional bailouts of some of these financially troubled nations. How, by itself, does that threaten the choice to use the euro in all those countries? The other countries could refuse any more assistance, but that fact alone doesn't change a damn thing about the currency, does it?|||The progressives couldn't stand not having their EU and Euro.





Wasn't Europe much better pre EU and Euro??





I recall saying give in 10 years, way back in '94.|||How long can the Dollar succeed if it has to bail out its member states all the time? Like California, that has been broke for years!|||Not much longer.





America won't last much longer if we continue to finance their bailouts with BORROWED money.|||It can't.