Euro Was Flawed at Birth and Should Break Apart Now

April 2 (Bloomberg) -- Since the launch of the euro inJanuary 1999, Germany and the Netherlands have experienced agrowth slowdown and loss of wealth for their citizens that wouldnot have happened had they never joined the euro.

We know this to be true, because we can compare theprogress of these two Northern European economies with that ofSweden and Switzerland, which kept their freely floatingcurrencies in 1999 and continued to grow as before. Indeed, overthe period of the euro’s existence, the German and Dutcheconomies have grown significantly more slowly than those of theU.S. and the U.K., despite the debt crisis now engulfing the“Anglo-Saxons.”