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Old 31.08.2019, 10:28
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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That's the wrong question to ask as the euro is a rather unique concept. The question to be answered is why the euro concept would work while every other currency doesn't.
Why is it unique? In principle it is no different from the federated US States, US territories, Ecuador, El Salvador, Zimbabwe, Timor-Leste, Micronesia, Palau, and the Marshall Islands using the US$ or the federated Swiss Kantons and Liechtenstein using the Swiss Franc?
The franc was reintroduced as Switzerland’s currency on 7 May 1850 with the “Federal Coinage Act”. Before then the cantons, municipalities & abbeys all had their own currencies.
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