Sure ,the Euro is lower at this point than the US $ ,but it has some strong point's that eventually can make it stronger than any other currency.
Knowing that Britian,Denmark and Sweden have the strongest currency's in europe (and the rest of the world) ,if they would join the Euro (wich is surely possible ,especially in the long run) ,it would boost the strenth of the Euro.
One of it's major strenth's of the European union is that it devide's the European money amongst the poorest country's of the Union ,effectively speeding up the development of those country's (in some case's in a VERY fast rate ,as ex. Ireland & greece)
Another major strenth of the E.u is that it is very expansive.There are already 15 member-country's in the E.U ,that will surely grow with the joining of more eastern European country's.Sure those country's are not that developed ,and they will pull down the strenth of the Euro in the short term.But if Europe can develop those country's at the speed it did in some other country's ,then the future on the long run looks very bright.Know that Europe already has more consumers than Amerika (300Mil ,US has about 250Mil) at this point ,and the number of consumer's will surely grow when more country's decide to join.
Important in this are the recource's the new joining country's bare.As for example a lot of european country's have very high gas prices ,due to the fact that their soil don't bare oil or gas ,while other European country's do have a lot of those recources.
East Europe has a lot of strategic recources the West can use and if these country's are in the euro zone ,the prices for such recources will become much cheaper for the West ,Cutting down the overall costs to recources for the west-European industry will make the company's in Europe a lot more profitable and competive.
I am getting proud that i am a European.Surely i'm proud of the great developing system of the Union towards poorer country's in the Union.It provide's stable economic progression ,rather than over investment in air-filled Technological company's.
that is i guess the diference between europe's economy and America's economy.Our economy grow's on a much more stable base ,While the American Economy has grown only on "invester confidence" for 10 years ,and recently that invester confidence has collapsed.Now america is thrown back to the economical level it had in the 80's.
We develop country's ,so that the consumor's get wealthier al over the Union ,on a fairly equal level.That is real growth IMO.