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.
|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|