The Euro is failing right now because of the tragic flaw when it was designed in the first place. In short, what Greece is doing right now is getting in debt and spending the money because they know that someone else will pay for it. Other countries, noticing what is happening in Greece is doing the same thing otherwise they will not get a piece of the pie when the pie finally runs out. Video by noted Austrian economists Tom Woods.
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Source: http://neilski.typepad.com/chicago_gold_and_silver_i/2012/11/video-the-tragedy-of-the-euro.html
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