Re-Designing the Eurozone
This post was written by Colm McCarthy
I argue that the fiscal ‘compact’ will not turn the currency union into a full monetary union in this paper from a conference before Christmas;
and in another that Croatia, which voted to join the EU a couple of weeks back, should think carefully about joining the currency union as currently constituted:
It would be nice to get solemn acknowledgement all round that fiscal rectitude is a good thing. It would be even nicer if some political attention could focus on what kind of EMU 2.0 might actually work in the long term.