The Euro: great success or ideological failure

We now have the first Euro Crisis.

Crises are a great time to examine assumptions : Is the Euro a great success story, or a great jump into the virtuality of cheap and unlimited credit for irresponsible Governments ?

There are a number of alternative scenarios for the stress relief medicine needed to recover from a decade long debt binge of European Governments.

All are likely to be painful for European citizens, and the least painful would likely be the simple scrapping of the single currency (of course for European bureaucrats that would certainly be the most painful !!!)

This must be a big issue, and therefore perhaps something IN netizens would like to comment on ?