Author (Person) | Turner, Adair |
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Series Title | CER Bulletin |
Series Details | No.100, February - March 2015 |
Publication Date | 02/02/2015 |
Content Type | Journal | Series | Blog |
In 1995 many commentators saw market integration as the route to economic efficiency, while some European elites believed currency union a desirable political project in itself, independent of its concrete economic implications. The subsequent years have taught us painful lessons. Future policy needs to be based on a more realistic assessment of both market and political imperfections, if we are to preserve what is truly valuable and noble in the European project: a shared commitment to peace, co-operation, democracy and liberty. It is concluded that unless EU leaders are willing to establish a more complete economic union, a controlled breakup of the eurozone might be the least bad option. |
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Source Link | http://www.cer.org.uk/publications/bulletin-issue/100 |
Subject Categories | Economic and Financial Affairs |
Countries / Regions | Europe |
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