Europe's unstable currency union?

This letter was received from John Nugee of State Street Global Advisors, in response to an article in the August edition of Central Banking journal and this article on centralbanknet.

Dear Editor,

I was interested in the article by Henrik Enderlein, of the Free University Berlin, in the August issue of Central Banking Journal. I find myself in considerable agreement with his argument that divergence between eurozone economies has the potential to transform the ECB's "one-size-fits-all" monetary

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