Can the Euro Be Repaired?
When Wolfgang Schäuble, Germany’s finance minister, recently tabled the option of a Greek exit from the euro, he wanted to signal that no member country could abstain from the monetary union's rules. But his initiative triggered a much broader discussion of the euro’s governance and the very rationale for its existence.
https://prosyn.org/8Mm8SK1
PARIS – When Wolfgang Schäuble, Germany’s finance minister, recently tabled the option of a Greek exit from the euro, he wanted to signal that no member could abstain from the monetary union’s strict disciplines. In fact, his initiative triggered a much broader discussion of the principles underpinning the euro, its governance, and the very rationale for its existence.