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by AnimalMuppet
3616 days ago
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That sounds rather over-optimistic. A currency union is inherently unstable if not matched to a fiscal union. If you're not going to move to a fiscal union (and after Greece, I'm pretty sure there is not the political will to do so), then the Euro union cannot be stable. Can it survive even if it's unstable? Perhaps. Will it be worth it? That's not for me to say. But you cannot "master the crisis" with the Euro zone without a fiscal union. |
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