Will National Pride Get In The Euro's Way?

Many may have doubts about the premature introduction of the euro ("Don't bet too much on the euro," Readers Report, July 5).

The euro may be artificial, but it is already a reality. The German mark, Portuguese escudo, the French franc, and others are now merely fixed denominations of the euro.

What will dog the euro is that, while its component currencies have merged, their underlying economies have not--and they never will. The diversity of languages, cultures, and lifestyles is too great, thank goodness.

Robert J. King


Before it's here, it's on the Bloomberg Terminal.