Three reasons Europe is struggling

Chase's Chief Economist Anthony Chan says about the three reasons why he thinks Europe is struggling. 1.This environment is and has been the result of the flawed currency union that is acting a lot like a gold standard handcuffing Europe’s economies.2.The Euro remains an inherently flawed currency system that has no efficient rebalancing mechanism.3.Only measure that can efficiently resolve this is a form of fiscal transfers that turns Europe into a single currency system with a national treasury.