Tuesday, June 14, 2005

Buying Europe

The United States of Europe Is Dead, Long Live EMU!
As a card-carrying euro-skeptic, I have certainly expressed my doubts over the years about the hopes and dreams of Euroland. From the start, I worried that “one size did not fit all” -- that Europe was still a heterogeneous combination of diverse nation-states that would not take well to a single currency, a single interest rate, and a fiscal rule.