On the state of the Monetary Union

Synthetic publication by Thomas Philippon (NY University) on the state of the European Monetary Union.
It distinguishes different times depending on whether one is interested in the financial crisis, economic crisis or political crisis. These three dimensions overlap but do not fall within the same period.
He suggests to go faster on the Union Bank and the union of capital markets but also create Eurobills to prevent money market disruptions.

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