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Overconfidence in Eurozone mirrors downfall of former ruble monetary union.

Deleted Journal
The Euro in Historical Comparison to the Ruble and the Influence of Overconfidence.
Sebastian Hoffmann

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The article compares the ruble monetary union with the euro currency area, focusing on historical developments and reasons for states leaving the ruble zone. Overconfidence was observed in the behavior of the former USSR administration and the European Central Bank, with parallels found between the two currency areas. The Eurozone today has more options and mechanisms for political and economic action compared to the ruble currency area in the 1990s.