Ronan Lyons | Personal Website
Ronan Lyons | Personal Website

The Humpty Dumpty threat: Will the euro fall apart?

  • Graham ,

    This is really interesting stuff. I’ve been wondering myself whether the asymmetry between charter authority and monetary authority will not prove problematic for the Euro.

    Specifically, is it not possible that a major revamping of the banking sector of one country in the euro zone might have to be predicated on a (temporary) introduction of capital controls? If so, this could only happen by switching to a currency board arrangement – effectively dropping the euro.

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