The Monetary Union Is Doing Just Fine Considering

Yes, the European Union may be stumbling a bit on its way toward European Monetary Union (EMU), but it's minor, in light of the immensity of the task ("Who's in charge of Europe's money?" European Edition Cover Story, Mar. 27). Most of the problems you mention (including old-line tax-and-spend Socialist politicians) were recognized at least as early as 1997.

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