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The Euro’s Narrow Path

Eichengreen, Barry, (2017), “The Euro’s Narrow Path”, (2017), Project Syndicate, 11 Σεπτεμβρίου

With Emmanuel Macron’s victory in the French presidential election, and Angela Merkel’s Christian Democratic Union enjoying a comfortable lead in opinion polls ahead o Germany’s general election on September 24, a window has opened for eurozone reform. The euro has always been a Franco-German project. With a dynamic new leader in one country and a fresh popular mandate in the other, there is now an opportunity for France and Germany to correct their creation’s worst flaws.

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