The European Unions efforts to reach an agreement on fiscal unity sought to soothe persistent fears of the dissolution of the euroand possibly of the EU itself. The idea of a single European currency has been tested in ways that its architects never imagined, although numerous academics that considered the experiment poorly designed and premature are not surprised.
Read the Full Article
(PDF, 28 pages)
|Other Independent Review articles by Roy C. Smith|
|Fall 2016||Is China the Next Japan?|
|Spring 2016||Understanding a Cuban Transition|
|Summer 2011||The Dilemma of Bailouts|
|[View All (6)]|