In general this is all true. But I do not believe that currently optimal currency issues are what is the problem for Europe. Lets look in inflation: the highest inflation rate is 0.9 percent in Austria.

The problem is insufficient monetary and fiscal stimulus everywhere.

Of course in Germany the industry is already complaining, since the Job market is such that for the first time that I can remember you do not to have to beg to get a job.

I recently read about some HR departments that believe the world is coming to an end, because they are only getting 20 applications per job! You know and not 200, like it has been for more then 20 years.