The Eurozone is not an optimum currency area. The Euro as such was a bad idea to begin with. Notably, this was the standard view of US economists. The North American argument (originating in Canada) was that a currency should be used in an area within which people are willing to move to get a […]

I have discovered that there are still people who think that adopting the Euro was a good idea, or at least not a bad idea, or at least not a catastrophe. They seem to have decided that the Greek fiscal tragedy is a minor issue. I will leave it out of the discussion. My view […]