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Can the Euro Be Repaired?

Pisani-Ferry, Jean, (2015), “Can the Euro Be Repaired?”, Project Syndicate, 31 Ιουλίου.

When Wolfgang Schäuble, Germany’s finance minister, recently tabled the option of a Greek exit from the euro, he wanted to signal that no member could abstain from the monetary union’s strict disciplines. In fact, his initiative triggered a much broader discussion of the principles underpinning the euro, its governance, and the very rationale for its existence.

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