Should the European Union end?

[Anomalocaris]

I suggest we do away with the single currency but maintain the trade links internal to the EU.

Loss of the common currency means the loss to europe's of the so called exorbitant privilege conferred by having one of the two reserve currencies of the world. As a result Europe would become much more susceptible to balance of payment crisis as it is forced to conduct all international trade in a foreign currency with the rest of the world. Since the European economy would represent increasingly small percentage of the world economy, external trade with non-European nations would become ever more important. The loss of exorbitant privilege would make make europe economically ever more vulnerable.