It seems to me that the real value of the Euro is simply to have one form of currency in this age of travel and internet buying. It is not really relevant whether the financial situation is better in Germany or Ireland. Here in the US we all use the dollar, but it may well take a lot more dollars to buy gas, or autos..etc...in New York than it does in Alabama.

There will always be better bargains one place than another, just as with 14 national currencies...but now they don't have to juggle daily conversion rates and money. The price can rise or fall, as it will, but it will sure be easier to tell at a glance whether you should buy that toaster in Belgium or the UK.

Most of the gut reaction, it seems to me, is just 'liking what one is familar with'.