, Columnist
Reasons to Like the Euro Again
France's vote is the latest sign that the currency's future looks better than its past.
We're in the money.
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It’s always worth re-evaluating one’s views, and my latest revision is that the euro currency is better and less vulnerable than I had thought. I still believe its creation and later expansion were mistakes, but I now see them as much smaller mistakes than before. Many of the biggest costs lie in the past, so the euro might be a net plus moving forward.
What’s the new evidence? For one thing, geopolitics seem to be favoring the euro. France, the Netherlands and (soon) Germany are rejecting at the voting booth far right and populist parties that oppose the European project.