And thats a good thing. Because as it is now the euro is floating boat with a big hole in the bottom and people are trying to solve the problem with spoons that they use to remove the water from the boat.
The right way is to fix the hole in the boat. Remove the problem.
All EU countries which is outside the euro has a better economy then those inside it. Well except for germany - but germany got inside the euro just after the reunion with east germany so its economy was weak. Now when thats recovered. Germany are basically dragging everyone else behind them inside the euro.
Thats creating friction within the euro.
There is two ways to solve the friction.
1. Subsidaries from strong economies(germany duh!) inside the euro to the weak economies (read greece, spain, italy, portugal and france).
2. dissolve the euro.
Currently there is a very small subsidaries package within the EU for agriculture and development - where industrial countries like germany, sweden et al pays towards agriculture countries like france, poland et all. Its today about 2/3rds of the EU budget. The EU budget is about 1% of the total EU GDP. So its like 0.75% of GDP.
But its not enough for the frictions that exists in the euro. For it to take care of the frictions because of the euro that package needs to be expanded alot. And noone wants to expand the EU budget and increase it to something like 5-10 times more then today.
So the other option is the abolish the euro. Italy and spain leaving would help reduce the friction.
But with only greece leaving will help reduce the friction and the problems for now.
Spain is alot bigger then greece. Spain has nearly as big unemployment as greece... so its just a matter of time before more trouble will happen. The hole in the boat won't fix itself.
Meanwhile the officials in EU are saying - use the spoon to remove the water.
It wont work in the long run.