PolifrogBlog

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Monday, February 8, 2010

Euro Shear


In 1999 Milton Friedman predicted that the euro would fail within 10 years due to just this type of stress.


And here is an article referencing his predictions in more detail.


I am afraid that the euro may not survive as the member states look wistfully at a central banks around the world that can tailor policy particular to their states.





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