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The currency regime that would succeed it would mean the re-emergence of the mark as the Continent's dominant currency and rule by the German Bundesbank, which is even less accountable to Europe's public than the European Central Bank.
BBC: Referendum St
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It will be new players who come to rule this market, not previously dominant names like Nokia or RIM, he contends.
FORBES: Who Might Unseat Apple And Samsung As Handset Kings?
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We have come 180 degrees from 1968, when Kevin Phillips in his landmark political study of that election, "The Emerging Republican Majority, " noted that by virtue of capturing the loyalty of the anti-civil rights whites of the South along with a majority of voters from the nation's heartland, Republicans put themselves in a position to be the dominant party in the country after decades of Democratic rule.
CNN: 48 years after MLK march, voting rights still vulnerable
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Such forgetfulness can be partly blamed on a dominant national press that tends to report the grotesque exceptions not the blander rule.
ECONOMIST: The state of Britain
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The Maguires were the dominant clan in the area and Hugh Maguire was the first of the Irish chieftains to rise against the rule of Queen Elizabeth I.
BBC: Fermanagh: Northern Ireland's lakeland county