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Intereconomics

, Volume 54, Issue 2, pp 85–89 | Cite as

The Euro at 20: A New Deal to Save the Euro

  • Thomas MayerEmail author
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Abstract

“In its present set-up, the EMU could be expected to follow its historical predecessor, the Latin Monetary Union, which was founded in 1865 and in effect ended in 1914. Then as now, it was impossible to coerce sovereign states to follow the rules needed to establish a single currency.”

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Copyright information

© ZBW and Springer-Verlag GmbH Germany, part of Springer Nature 2019

Authors and Affiliations

  1. 1.Flossbach von Storch Research InstituteKölnGermany

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