Can't say what it was before we became part of the EU (which was for West Germany... when? 1960s or so?), but I know what it was before the Euro.
Mostly the same. Just that we didn't know of the fuck-ups our governments had done in the past back then and didn't suffer from the long-term effects.
As for the EU. It's a great concept, but the execution is lacking a lot. I can see "Software" Patents (which are not really about software but more about ownership of abstract ideas) being legalized within the next decade (at the current pace) and Microsoft being judged not guilty in a revision of the fairness case.
The Euro is a great thing, sadly our economy -- that is, the part of our economy that hasn't been bought up by American investors or outsourced to Asia -- is doing business in USD and thus SUFFERING from the cheap Dollar (irony, I say). And the corporations that don't suffer lay off people nevertheless to increase their interest.
University charges have been legalised in Germany, which means that Conservative-reigned states will charge you up to EUR 1k per year if you want to get a real chance for a job other than most traditional trades and most companies would rather hire you as a trainee for nearly no wage at all than give you a payed occupation, but hand out tasks indescriminately.
We're having a lot of border troubles with Poland now, living costs have risen dramatically (although most luxuries are a bit cheaper) and our minister of finance knows less about economy than me (and I didn't even pay much attention in sociology class).
Overall, not worse than in the US and our propaganda is anti-government, which means we're doing fine (if the news would suddenly be all pro-government, I'd be very worried).