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Secession is the only real hope. Maintain the free trade and common labor market, but get rid of the Euro and leave the political sphere. Losing your sovereignty to a national government is bad, but getting it lost to a multi-national government is even worse.
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The following is a Knol I wrote a couple days ago. It is a very condensed and simplified version of the Theory of Endemic Governance Problems and its underlying principles. I hope that this post will generate some discussion. If you would like to use this information for anything other than reading,...