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What Europe might look like without the Eurozone and EU

From voxeu.org

What will happen if the euro collapses? For many people, the answer is unmitigated disaster. But this column argues that to identify the euro, the EU, and Europe as one, as many politicians like to do, is totally misleading. A possible demise of the euro and the EU can be seen as a chance for the evolution of a better future Europe. Politicians devoted to the European cause are fond of proclaiming: “If the euro falls, the EU falls, and then falls Europe”. The German Chancellor Angela Merkel keeps repeating this statement. This is an example of what Carmassi and Micossi (2010) call “careless statements”. The major ... (full story)

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