With youth unemployment touching 50% in eurozone countries such as Spain and Greece, is a generation being sacrificed for the sake of a single currency that encompasses too diverse a group of countries to be sustainable? If so, does enlarging the euro’s membership really serve Europe’s apparent goal of maximizing economic integration without necessarily achieving full political union?
Πηγή: Project Syndicate
Michael W. McCracken & Lillian Fu KEY TAKEAWAYS Πηγή: Federal Reserve Bank of St. Louis πλήρες κείμενο
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