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Monetary Union

Monetary Union Works Because Europe Is Already Integrated

Mario Draghi | Posted 01.09.2015 | World
Mario Draghi

There is a common misconception that the euro area is a monetary union without a political union. But this reflects a deep misunderstanding of what monetary union means. Monetary union is possible only because of the substantial integration already achieved among European Union countries -- and sharing a single currency deepens that integration. If European monetary union has proved more resilient than many thought, it is only because those who doubted it misjudged this political dimension.

Where Is Hamilton When Europe Needs Him?

James Bacchus | Posted 02.08.2012 | Business
James Bacchus

The fundamental problem is that for all their summiting, for all their meticulous planning, and for all their considerable progress together for more than half a century, there is still no one country called "Europe."