Oh yes, I'm sorry. I actually completely agree with you. The BitEUR is currently even less liquid than the BitUSD was even at inception years ago.
What would be interesting is figuring out why the european exchanges don't offer it to their customers. If I owned (or had inside connections to) say BitStamp, I would create a bunch of BitEUR, then would have it listed on it as a Tether for the Euro zone customers.
Chicken or Egg problem I guess. They don't add it because there's no liquidity, but there won't be any liquidity if they don't add it.
Thing is they could hugely profit from add it, since they could buy it back with less BTS than they locked up in the first place.
BitShares needs to market this!
:P
Even better, people could use BitShares MPAs for P2P exchange like localbitcoins except without the volatility. That would take a lot of the confusion and friction out of the exchange. Each trader could just offer a fixed percentage fee known in advance without anyone having to worry about price variance while arrangements were being made.