2 ms·
It's just at an earlier stage, the eurozone is still very young. Monetary union has of course always implied ever closer union and the gradual dissolution of n
by grey-area 11y ago
It's just at an earlier stage, the eurozone is still very young.
Monetary union has of course always implied ever closer union and the gradual dissolution of nation states - full political and fiscal Union. So the squabbling over who will fund Greece is rather silly in this context, if you want a single currency and market you must accept all the consequences which follow. That will take quite some time though, and as with the formation of the U.S. this is often a messy process.