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The Eurozone’s Hidden Strength

Gros, Daniel, (2017), “The Eurozone’s Hidden Strength”, Project Syndicate, 2 June

For years, the eurozone has been perceived as a disaster area, with discussions of the monetary union’s future often centered on a possible breakup. When the British voted to leave the European Union last year, they were driven partly by the perception of the eurozone as a dysfunctional – and perhaps unsalvageable – project. Yet, lately, the eurozone has become the darling of financial markets – and for good reason.

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