or do i have bad news. the monetary history of the southern european states in particular has been fatal to hopeless. so it went on as before, rather socialist governments would buy their votes with the money printer.

TomK

If the southern states have their own currency, even if it is worth less at least it wont be dependent of defaulting every few years. 

Satosora

econ

Eurozone facing acute debt crisis

the problem with the eurozone and the euro is that the much more competitive north has established a kind of neo-mercantilism here. with an artificially low valued currency and a labor market for cheap labor, the south has been played against the wall, especially in the industrial sector.