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The Case for the Euro, Parts I and II?Wall Street Journal
- Publisher
- Wiley
- Copyright
- Copyright © 2013 © University of Durham and John Wiley & Sons, Ltd
- ISSN
- 1758-5880
- eISSN
- 1758-5899
- DOI
- 10.1111/1758-5899.12055
- Publisher site
- See Article on Publisher Site
Abstract
European monetary union presents a paradox. On the one hand, despite three years of continuous battering and pounding, the euro still exists. On the other, the crisis has revealed serious flaws in the governance of the Euro Area and it has become clear that the old system of managing the euro macroeconomy is not sustainable. This article attempts to explain this apparent contradiction and how to resolve it.
Journal
Global Policy – Wiley
Published: Jul 1, 2013