Forget Monetary Union Let Europe's Currencies CompeteGary S. Becker
On a recent trip to Spain, I was frequently asked by journalists and the business community about the plans to introduce in January, 1999, a common European currency, probably to be called the Euro. Although not an expert on monetary matters, I took a strong stand against this plan. I believe that a much better approach would be to increase, not eliminate, competition among European currencies.
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