Wednesday June 3, 2020

Comment: A day of reckoning approaches for the euro

The time for tough decisions is here.

22nd May, 2010

The time for tough decisions is here.

In the next few months, the members of the euro area will have to make a choice: create a genuine fiscal and political union or let the euro die a slow death.

The European Union now realises the Greek crisis has revealed some major flaws in the common currency. There’s no point trying to fudge it. The euro can only be rescued by a sweeping centralisation of control...

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