Unlike many observers, I argue that the only way truly forward is greater integration. Disintegration of monetary union would be ruinous of both creditor and debtor countries. EMU is the culmination of the post-WWII strategy in Europe that sought integration on various levels and in numerous spheres as a way to bring peace to the war-ridden peninsula of the huge Euroasian landmass.
Yahoo Finance Video: Greek Election and the Way Forward
Reviewed by Marc Chandler
on
June 19, 2012
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