Dropping the euro: a typical example of cutting off your nose to spite your face

Obviously, even though they are not saying it, the financial and banking community, including Wall Street probably would want nothing more than that Europe abandons the EURO.

Among the many negatives such a catastrophic move would bring for consumers is that business people and tourists once again will have to pay the banks a fee for exchanging their money from one currency into another when traveling or doing business around Europe.

Bottom-line - getting rid of the EURO is not a good idea.

EU-Digest