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The Agony of the Euro
By Roy C. Smith
This article appeared in the Summer 2013 issue of The Independent Review


Abstract

The European Union’s efforts to reach an agreement on fiscal unity sought to soothe persistent fears of the dissolution of the euro—and 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.



Other Independent Review articles by Roy C. Smith
    Summer 2011   The Dilemma of Bailouts
    Summer 2007   Enterprise Capital in Emerging Markets
    Summer 2006   Four Years After Enron: Assessing the Financial-Market Regulatory Cleanup



Volume 18 Number 1
Summer 2013

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