Drop out of the EU, or drop out of the euro? Half of the macro arguments are about the problems of currency union without fiscal policy union. Perhaps the pre

Drop out of the EU, or drop out of the euro? Half of the macro arguments are about the problems of currency union without fiscal policy union. Perhaps the pre-2015 UK position is a good intermediate drop-back step: no currency union, still many ties to EU and Brussels. (that said, the German wage deflation discussed in the post is an EU issue, not a euro issue.)