- Northern countries: Germany, France, Netherlands, Sweden, Austria, Finland
- Southern EU countries: Spain, Portugal, Italy, Greece
- EU Tigers: Poland, Czech Republic, Hungary need not separate, as they might closely allign themselves with the Northern EU countries.
These countries can still integrate at a certain level such as trade tariffs, but they will not integrate on currency & interest rate policy or public spending priorities. A the moment, the saving countries (France & Germany) dont need higher interest rates, but the other countries do. EU monetary growth is 4x faster than economic growth - thus monetary policy is too easy.