The Failure of the Euro: The Little Currency That Couldn’t [Council on Foreign Relations]

Link to original article, January/February 2012, Martin Feldstein, The Council on Foreign Relations

The euro should now be recognized as an experiment that failed…. The adverse economic consequences of the euro include the sovereign debt crises in several European countries, the fragile condition of major European banks, high levels of unemployment across the eurozone, and the large trade deficits that now plague most eurozone countries.

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