EMU on the rocks and all exits closed

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Series Details 2.2.09 (FT fm Supplement)
Publication Date 02/02/2009
Content Type

Author writes 'The euro was created to bring economic stability to Europe. However, the politicians who promoted European Monetary Union ignored inherent flaws in the project. The credit crisis has exposed these flaws. As a result, a number of the weaker eurozone members are facing severe deflation and a quite desperate economic outlook'.

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