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Draghi: Stability and Prosperity in Monetary Union
ECB President Mario Draghi outlined the minimum requirements needed to complete monetary union in a way that offers stability and prosperity for all its members in a speech to students of the University of Helsinki. Acknowledging that, “for all its resilience, our union is still incomplete”, Mr Draghi argued that, ultimately, Member States “have to be better off inside than they would be outside.” “If there are parts of the euro area that are worse off inside the Union, doubts may grow about whether they might ultimately have to leave”. “The euro is – and has to be – irrevocable in all its member ... (full story)
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