The costs of a single currency area are rising rapidly.

Is the euro worth the price?

Daniel Hanson

Mario Draghi emphatically says that, “the ECB is ready to do whatever it takes to preserve the euro,” but mounting strains on euro member states must force us to ask if the cost is worth the benefit.

Preserving the euro as a single currency with its 17 members comes at an extremely high price.  Economic, financial, political, and social burdens jeopardize the ideals held sacrosanct by Europeans.  Paradoxically, by preserving the unity offered by the euro, European leaders are forging the type of disunity the euro was designed to eradicate.

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