"I don’t see any such clever deal that would make of Europe’s crisis an opportunity for a renewed push toward a United States of Europe. The integrative dream has faded. Europe, for the foreseeable future, will remain in the halfway house of monetary union, fiscal divergence and à la carte national politics."
Taken from the NYT today.
This journalist doesn't have the books, like Tom Friedman, nor the Nobel Prize like Paul Krugman, but I believe he has real life experience living in different countries.
His prognosis may stick.
I guess it was good after all, that the US and Mexico didn't join their currencies with NAFTA in 1994.
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