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More Nowotny: Euro functions as currency

More Nowotny: Euro functions as currency

News
Gerry Davies
04/12/2012 | 09:58 GMT

Yippeeeeeeee!!!

:)
  • EU has no permanent transfer system like U.S.
  • EFSF, ESM are no permanent transfer mechanism
  • Political EU union not needed for euro survival (just as well)
  • EU treaty change would mean uncertainty

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