Strains in the eurozone

ARTICLE - The Financial Times in London published an article on 30 July by Christopher Taylor, a visiting fellow at the National Institute of Economic and Social research. He was chief adviser in the European division of the Bank of England.

One does not have to be a sceptic to worry that Europe's ambitious project of economic and monetary union may encounter turbulence.

The concern is that the benefits may not be evenly spread and some countries may even lose out. Given the lack of

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