You think we've got it bad in the US? Think our economy's moribund? Well, unemployment in Germany's above 10%! Germany! Powerhouse of Western Europe!
I'm sure I don't need to go into the many and sundry examples of inefficiences and graft within the E.U. When that bureaucratic nightmare is laid on top of the demographic, economic, and political transformations currently afoot in Europe, you get this: 10% unemployment in an economy that not long ago was the star of the continent.
The E.U. is (or was) an interesting idea. As a layman, I can see why it is attractive to its participants. In the wake of two world wars caused by belligerence on the part of one or two member states, it makes sense that Europe would seek a super-national body to make sure that such a conflict does not happen again. Moreover, it was not too long ago that the modern European nation-states emerged as conglomerations of hundreds of petty feifdoms-- a process we can watch in reverse as some nations disintegrate. For this reason too it makes sense that Europe would seek a collective road to regional stability.
Of course, big solutions create big problems. One of the advantages of the US state system, for example, is that Michigan's economy can be in the crapper while California's zips along. The problems of one state, in general, stay within that state. But the EU's governing bodies have a hand in everything-- trade, criminal law, measures and standards, economics-- and as a result suck the vigor (vigah) out of hot sectors while funneling money (inefficiently!) into poor sectors.
All in all, and again I'm speaking as a layman, but it's not a good sign when nations who have not yet adopted the euro-- Sweden, the UK-- are reluctant to do so, especially when their economies are performing better than the EU. That's what we call a "sign."
Maybe the EU would be better off breaking up, or at least getting the hell out of the economies and internal affairs of its member states. Things aren't THAT bad now, but if it stays on the present course the EU is doomed to a slow amble into mediocrity. Maybe it's time for the EU experiment to end, before it grinds to a halt like a mealy-mouthed and stultifyingly dull version of late-stage Soviet Communism.