French election aftermath: The Euro and its discontents
|The united currency was supposed to be the first step on the road to the European future. The financial rationalization brought about by the elimination of national currencies was designed to draw the disparate economies of the continent together, to help them, in the term of the Maastricht treaty, converge. In reality, the euro has had almost the opposite effect. Instead of melding it's has diivided. German unemployment is half that of Italy and France. German exports and manufacturing thrive while French and Italian trade declines. One need look no further for the source of populist political anger than the disparate gifts of the euro.
Can the united currency be remade to serve the interests of all its citizens? Can the euro be saved?
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