Europe’s macro mess: Dysfunctional diversity that gets the job done

Fri, 03/19/2010 - 20:00 EDT  in
 

Charles Wyplosz, 20 March 2010As the debate over a European Monetary Fund continues, this column argues that Germany’s enthusiasm for the new fund lies in its desire to impose fiscal discipline on countries it didn’t want in the Eurozone in the first place. The EU is not Germany and despite its dysfunctional diversity, the avoidance of a currency crisis in Greece shows that it works. Full Article: Europe’s macro mess: Dysfunctional diversity that gets the job done

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