You know what they would call the EU if it only had "EU quality states" that wouldn't of caused a big financial crisis?

Germany.

Seriously, practically everyone in the EU is having issues.  Even France is on the tipping point.

Who is doing well right now, anyway? China's cooking the books on their real-estate bubble, Russia can't reignite investment for any money.

Israel, Taiwan, and South Korea? Who else is doing well now?

Germany?

Well and Sweeden.

Austrlia and New Zealand are doing pretty good from what I can gather.

Funny how the only states remotely solvent in the EU don't use the Euro, sans Germany.

The EU shows how woeful government can be when it continues to increase in size. It should be an example for the US, but no one seems to follow.

I suppose that depends on which way you want to look at it.

Germany is solvent because it's monetary policy has huge influences from Freiberg economics.

However... had the Europeon Union had been larger government wise... and been able to a force individual countries to balance there budgets... this problem would of been much less severe.

The Europeon Debt crisis could of been solved by more federalism (the above)

or less federalism (No Euro.)

The Euro as it is however essentially relies on countries government to NOT baloon... on what essentially would be a "State" level.

Someone remind me again, who apart from German exports, benefited by the EURO ?

Yeah, it was a huge mistake and it will soon collapse.

Tourists 

I believe Switzerland is successful

Hey, it works ok in the US.

Big difference of course being that the US Federal government has more power over the economy and forces states to keep it's houses somewhat in order.

Yeah, I know.

Probably will work too.