Is the World Headed Toward a Single Global Currency?

E-Commerce News: Expert Advice: Is the World Headed Toward a Single Global Currency?: "Many economists, including Paul Krugman and Nouriel Roubini, have argued that the European Monetary Union is in trouble because of the fiscal difficulties of a few of its member countries. Some have predicted that the euro will fail.

Because the prospects for a future single global currency depend upon the continued success of the euro and the currencies of other monetary unions, I discussed the euro with Morrison Bonpasse, president of the Single Global Currency Association, to get his insight into this situation.

Theodore F. di Stefano (TdS): What's wrong with the euro, and why are some economists looking askance at it?

Morrison Bonpasse (MB): Very little. The problem is that it's a currency of 17 countries issued by a single central bank, and is therefore not subject to the fiscal difficulties of the government of any one country. However, because currency traders and others are so used to thinking that governmental fiscal problems guarantee monetary problems, the euro has been criticized..."