A Comment About

What Would a Euro Collapse Mean for the United States?

May 31, 2010 - 12:00 am - by Soeren Kern
AzA
2010-06-01 22:28:16

You are correct. The even bigger factor is that there is much greater labor mobility in the U.S. A worker from Michigan can move to Texas, and still speak the same language (sort of). A worker from California can move to Utah, and still be in the same culture (sort of).

A Greek worker cannot move to Germany or France in the same way, and the language barrier is actually probably the smallest of the problems, compared to the regulatory and bureaucratic obstacles.

The hope was that they could create the Euro, and then create the unified nation to go with it. It’s not going to happen. Despite regional differences, Americans are all Americans. However, I’ve never once heard someone introduce themselves as a “European”.