EUR not safe yet: The euro needs faster reform if its next 20 years are to be better than the first 20.

The article explains the need to reform the euro due to a downturn in the global economy. It discusses how the euro affected member countries, including the removal of independent monetary policies and the ability to devalue their exchange rates. The impact of the currency union on economies of Italy, Spain and Ireland is analyzed, as well as the possibility that the European Union (EU) will experience another sovereign-debt crisis.