Paul Krugman: The Making of a EuromessQuicklink submitted by Sheila Samples Permalink
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|As Berkeley's Barry Eichengreen puts it, an attempt to reintroduce a national currency would trigger 'the mother of all financial crises.' So the only way out is forward: to make the euro work, Europe needs to move much further toward political union, so that European nations start to function more like American states.|
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