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Meet The Perpetual Bailout Mechanism That Keeps The Euro Afloat

June 16th, 2018 · No Comments

  • The creation of the euro has been flawed from the beginning; it’s most definitely not an optimum currency area.
  • It has a tendency to expand differences, rather than diminish them through one-size-fits-nobody monetary policy and potential vicious cycles.
  • However, there is one curious mechanism that sweeps much of these problems under the proverbial carpet and keeps the euro afloat.

Source: Meet The Perpetual Bailout Mechanism That Keeps The Euro Afloat | Seeking Alpha

Tags: Eurocrisis · Target 2