Why non-Europeans should care about EMU
The international implications of a single currency for Europe are difficult to anticipate, but too big to ignore
IF YOU live in Europe, economic and monetary union is an impossible subject to avoid. Debates about its timing, membership and prospects make headlines almost daily. Yet outside Europe EMU is scarcely mentioned. That is a pity. For EMU, if and when it goes ahead, will have global economic implications.
This article appeared in the Finance & economics section of the print edition under the headline “Why non-Europeans should care about EMU”
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