In recent interviews published in this journal, two distinguished American economists, Milton Friedman and Martin Feldstein, have both expressed their vehement opposition to the euro; both predict its failure and both recommend Britain to stay away from economic and monetary union. What is striking about these and other American pronouncements on the subject is the near unanimity of this negative view.
What is behind this US view? "The euro is bad for you", we are told, "a currency union cannot
- BoE revamps expenses rules after criticism from MPs
- Draghi warns of downside risks as ECB ends net asset purchases
- Book notes: Macroprudential policy and practice, edited by Paul Mizen, Margarita Rubio and Philip Turner
- Central banks turn to visual communication in 2018
- Five central banks and supervisors join environmental group