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A European Monetary Fund

Simon Wren-Lewis, (2017), “A European Monetary Fund”,, 25 October

Sapir and Schoenmaker at Bruegel have a discussion of what a European version of the IMF might look like and do. Here are my thoughts on the sovereign debt (not banking) side, which I am sure will be regarded once again as radical and will therefore be ignored.I think some new Eurozone institution is necessary, but not for the reason that most people might think.
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