European politicians are still trying to save the project of the euro. They design ever-greater bailout packages. Along with the bailouts, an economic government may be forthcoming. Countries may give up parts of their sovereignty. The character of the European Monetary Union (EMU), and even the European Union (EU), may change forever.
While it is still unclear where future developments will lead the EMU, the costs and risks of remaining within the system are already immense and rising.
The Misconstruction of the Euro: [...]
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