Europe and euro are immortal. Really?

As Euro's worth against INR falls, some of Europe based NRI's seem to be getting confused. Here is an example.

Mohan Murti who has lived in Europe for over two decades:

"...Europe and euro are immortal..." (Business Line, May 17 2010)

This claim is absolutely ludicrous. What is he trying to do? Blame all the woes of Europe on currency speculators?

First, when mighty dinosaurs and Ozymandiases have vanished, I would be rather be skeptical about this immortality claim.

And secondly, when the claim is about a civilization that was responsible for the death of 50 million humans just 65 years ago, I would be doubly so. (Andrew Roberts: “WWII lasted for 2,174 days, cost $1.5 trillion and claimed the lives of over 50 million people.”)


Niall Ferguson says in Newsweek May 17 2010: "...Europe now faces a much bigger decision than whether to bail out Greece. The real choice is between becoming a fully fledged United States of Europe, or remaining little more than a modern-day Holy Roman Empire, a gimcrack hodgepodge of "variable geometry" that will sooner or later fall apart."

On Europe’s destiny, I only trust Arthur Schopenhauer:

“We like to believe that all history is a halting and imperfect preparation for the magnificent era of which we are the salt and summit; but this notion of progress is mere conceit and folly. 'In general, the wise in all ages have always said the same things, and the fools, who at all times form the immense majority, have in their way too acted alike, and done the opposite; and so it will continue. For, as Voltaire says, we shall leave the world as foolish and wicked as we found it.”

(Will Durant, 'The Story of Philosophy')