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From ARRSEpedia

Known variously as the European Currency Unit (ECU) or (latterly) the imaginatively named Euro. This is someone's idea of a brilliant idea - and it's a fucking belter. Let's scrap individual national currencies and have one enormous out-of-control financial monster. But...

[edit] Disadvantages

• International money laundering is made easier
• Did away with some rather attractive and historical currencies ie the Guilder which had been in circulation for 700 years.
• It takes a regular battering on the DOW, NASDAQ, FTSE, Hang Seng, etc.(does it?....unusual considering those are stock market's and not currency trading borses)
• When one country goes in to economical recession - the whole shooting match goes in to meltdown (Countries which traded their currency in for the Euro: Belgium, Germany, Spain, France, Ireland, Italy, Luxembourg, the Netherlands, Austria, Portugal, Finland, and Greece:- spot the weak links!)
• It looks totally gay - especially when Peter Mandelson eventually gets his bonce on the front. (It helped the Irish buy half of London...queer lookin all right though)
• It's worth less than the Mongoslavian slbōdsk (but surprisingly more then a US dollar....go figure)

[edit] Advantages

• None - unless you preferred faffing around with Guilders, Deutschmarks, Francs, Escudos, Pasetas, Lira, Drachmas etc. It won't be long before you can exchange 30,000,000 Mongolian tögrögs for €5.00, as the European Union seems hell bent on letting every cnut have a ride on der bandlastwagen. Next stop Japan. Konichi wa!