According to the convergence criteria, yes. Those criteria pretty much ensure the inability of the Euro to function properly though [1] Domestically, not reall

According to the convergence criteria, yes. Those criteria pretty much ensure the inability of the Euro to function properly though [1] Domestically, not really. Internationally, it depends on a number of factors. [2] [1] https://www.lrb.co.uk/v14/n19/wynne-godley/maastricht-and-all-that https://www.lrb.co.uk/v14/n19/wynne-godley/maastricht-and-al... [2] https://larspsyll.wordpress.com/2017/07/18/the-balanced-budget-paradox/ https://larspsyll.wordpress.com/2017/07/18/the-balanced-budg...