Suchergebnisse

This paper considers recent comment and discussion on monetary union in Europe, and appraises recent steps towards Union. It is plain that politics is blinding both supporters and opponents of EMU to issues of major importance, and is also leading them often to'talk past each other'in debate. In the light of this, the article reappraises our earlier proposal for running the euro as a'parallel currency'with national currencies. We suggest that this could still be a sensible strategy for the'outs'and a fall‐back if the politicians managed to wreck what could have been a worthwhile venture ‐ a possibility that has been highlighted by events at the early May meeting.