In an interview you gave to Central Banking in 2001, you said this: "As long as all economic policymakers live up to their respective responsibilities under the (Maastricht) treaty and if governments tackle the longer-term challenges for structural reforms", then monetary union would be a "great success". Have all parties lived up to their responsibilities to make the euro a success?
Let me start by separating different parts of the answer to that. Looking back, there is no doubt that the first
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