The European Union’s efforts to reach an agreement on fiscal unity sought to soothe persistent fears of the dissolution of the euro—and possibly of the EU itself. The idea of a single European currency has been tested in ways that its architects never imagined, although numerous academics that considered the experiment poorly designed and premature are not surprised.
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Roy C. Smith is the Kenneth Langone Professor of Finance Emeritus at New York University Stern School of Business.
| Other Independent Review articles by Roy C. Smith | ||
| Winter 2019/20 | Will Populism Kill Globalization? | |
| Summer 2018 | China’s Next Ten Years | |
| Fall 2016 | Is China the Next Japan? | |
| [View All (7)] | ||
