Having spent most of the time not caring one way or the other, - TopicsExpress



          

Having spent most of the time not caring one way or the other, Krugman finally convinces me. In short, everything that has happened in Europe since 2009 or so has demonstrated that sharing a currency without sharing a government is very dangerous. In economics jargon, fiscal and banking integration are essential elements of an optimum currency area. And an independent Scotland using Britain’s pound would be in even worse shape than euro countries, which at least have some say in how the European Central Bank is run. mobile.nytimes/2014/09/08/opinion/paul-krugman-scots-what-the-heck.html?_r=1
Posted on: Mon, 08 Sep 2014 15:52:10 +0000

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