If you are celebrating the tenth anniversary of the Euro, according to Peter Oborne , don't bother. In his synopsis in a recent press article he itemised, in succinct terms, the hidden crises being played out in a number of the member nations. Particularly Portugal, Italy, Greece and Spain, these are referred to as the 'PIGS', taking the first letter of each countries' name. Italy and Greece now have economies that are so far out of kilter with the Euro, that the latter for example has to pay more for it's borrowing than Germany, using the same currency. How can this be? One either operates with the same currency, getting the same terms or one is out of it. All four of the countries mentioned are desperate to control their own interest rates but can't, the rest of the world, therefore, imposes it's own financial safeguards, charging differently with regard to borrowing. This will ultimately force some member nations to renege in order to cut their losses.
The enforced referendum to be re-run in Ireland later in the year (albeit undemocratic), in keeping with good European practice, should be a test for the clear thinker. The Union's intention is to bounce the Irish, who were impressive with their 'no' vote, into submission. As long as they are aware that the Republic is on the fringes of the 'PIGS'.
DON'T BELIEVE EU RHETORIC ON THE SUBJECT.