Or maybe an American fearful that one day there will be a single currency for North America and the boundaries between the USA and its neighbours Canada and Mexico will melt away.

just Jack

Interesting time to make this point.
After all, the Euro currently works better than even some supporters believed it would...
Differing interest is not an argument. A lot of people have different interests and use the same currency.

France, Italy and Germany have more in common than differences. 2k+ thousand years of common history aside, the fact that those countries outside the eurozone who are clamering to get into it, and the recent devaluation of the dollar and the increasing ascendancy of the Euro, show how fallacious this prediction is.

Its likely the Euro will be common currency in Europe, for several centuries. Britain will join, it's inevitable to stay competitive, and it's not outside the range of possibilities for former enemies of Nato, like Russia from joining the Eurozone, in the 30-50 years timeframe.

in 2000-2005, Euro was too loose in PIGS, too tight in Germany/Holland; now, too tight in F-PIGS, about right in Germany/Holland -- no surprise: continental monetary policy/regional competitiveness -- Germany unlikely to go, given the last 10yrs of restructuring and wage conrol -- F-PIGS: despite popular press, problem is that breaking away from Euro = increased inflation -- even in the roman empire, coin clipping "helped" competitiveness of different regions -- i would guess F-PIGS keep the euro, and find "metalurgy" games around it -- that said, EUR is way overvalued, should be $1.15 or so, and that takes the political pressure off --- bigger question, what becomes the Asian block currency in next 30yrs (or which central bank/monetary authority deserves/wins trust of BoJ and BoC)?

Germany and Italy would leave the EMU for totally opposite reasons, which wouldn't occur simultaneously. France will never leave the EMU. While some of the countries might leave, all three of these won't leave at the same time...

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