Euros entered circulation on January 1, 2002, and for six years, they were practically growing on trees in southern Europe. But the bubble got pricked. Since then, the monetary union has been in crisis. Almost half of its existence! And now, confidence in the future of the monetary union is weaker than ever. This time, with a hue of resignation in Germanys—where the Bankers association warned that central-bank save-the-euro policies will cause bubbles, capital misallocation, currency wars, and the next financial crisis.