Sunday, October 5, 2008

EU Breakup Risk

Contagion could fracture the eurozone "Deciding not to join [the European Union] is quite different from deciding to leave, and there would be considerable repercussions for a country that reinstated its own national currency in place of the euro. Goodhart puts the risk that monetary union will break up at 10-20%, which is small but certainly not insignificant."

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