Economics, Econometrics and Finance
3 years ago

The Euro's Future Uncertain Amid Political and Economic Challenges.

Palgrave Macmillan Books
The Future of the Euro
Philip Arestis, Malcolm Sawyer

Paper Summary

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The article discusses the future of the euro currency, focusing on how it was created and the impact of political decisions on its formation. The authors argue that political factors, rather than economic considerations, played a significant role in the decision to introduce the euro. This suggests that the future of the euro is closely tied to political union rather than just economic factors like Optimal Currency Area considerations.