Looking at the Current Account balances of the Eurozone, one might draw the conclusion that the Eurozone is running a sustainable Current Account balance. The Eurozone is however made up of sovereign nations where the economic conditions differ. Some countries in the monetary union have been running a persistent large Current Account deficit, while others a surplus. According to the Fundamental Equilibrium Exchange Rate (FEER) theory these asymmetric values can be brought to balance through Real Exchange Rate realignments. The objective of this paper is to assess the degree of currency misalignment of the euro countries. Using the partial model approach in (Salto and Turrini 2010) we firstly identify the Real Effective Exchange Rates that are consistent with the Fundamental Equilibrium Exchange Rate Theory. Secondly using (Cline 2008) we convert the Fundamental Equilibrium Exchange Rates to Real Bilateral Exchange rates relative to Germany. Using the results from (Cline 2008), I assess the asymmetrical Current Account imbalance of the first major signatories of the Maastricht treaty. The results identify that the real exchange rate deviates from the FEER values. The Euro currency is especially difficult for the southern half of the continent.