NPR’s “Morning Edition” had a great segment today on the Euro and efforts to unite Europe more generally. It noted that national traditions persist, but that the economies that use the Euro are now so intertwined, there is no going back. The issues engaged are profound and, as is typical of NPR, well considered in the segment.
But, my memory registered a less profound complaint against the Euro. It used to be so much fun buying things in Italy because the Lira was denominated in such a crazy way. Roasted lamb at a restaurant was 45,000 Lire. A new leather jacket was 2 million Lire. The difficulty in figuring out how to translate the price was hugely and happily off-set by the thrill of ordering something that cost 2 million of anything.