A little EMU enlightenment: the debate about Europe's single currency has been blighted by the passions of extremists on both sides.(Economics Focus)
Economist (US), The, February, 1997
The planned economic and monetary union by members of the European Community has been subject to extreme criticism. An analysis of the proposal shows that the risks associated with it are evident, but the rewards and need are also clear to reduce political influence on monetary policy.
ONE of the most frustrating aspects of the debate over the merits of Europe's planned economic and monetary union (EMU) has been the steadfast refusal of most participants to talk calmly to each other. The leading figures on both sides are zealots. Most advocates of EMU regard the single currency as Europe's ...
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