Even though the euro stood the test of the French elections on Monday, with Marine Le Pen the right wing agitator unable to claim a massive count, there is no end in sight to the currency's problems.
Long-term concerns have always bubbled up through the markets about the euro's viability, and these concerns reveal its defects. Structurally it's a flawed currency with no political body unifying its functions, since there are 19 countries that share it. There is a resounding lack of faith across these countries in the euro's livelihood as it faces many threats to its ongoing existence, and this feeling of doom and gloom does nothing for the markets.
What analysts say
Some analysts say that the euro was doomed from its Inception, and was born out of idealism and a push for peace and cooperation. These same critics say that the currency lacks a sound plan for its wellbeing and ongoing functioning. Its inception was a hope for a greater political integration across Europe – and yet this hasn’t happened. Instead, the currency has become a source of bickering and political rancor that waves throughout the relationships of the nineteen diverse and politically unaligned countries it serves.
