Saturday, May 26, 2012

Feldstein on the Euro

Martin Feldstein, an opponent of the euro from the beginning, reviews its history with considerable restraint and understatement.


Anonymous said...

Yes, very restrained and understated for Feldstein on this issue. In his writings in the '90s he went after the euro project with a sledgehammer.


Louis said...

Thanks Art for this text. I cringed at the way Feldstein ironed out the wrinkles of European integration history, and especially France's role and intentions in the process, but I guess that's me being a purist. Going on regardless, what came out was a basic, raw problem: as of now, how do we manage this situation without getting rid of 50 years of European cooperation? What exactly is worth saving in European integration as a whole, and how?