There are few long-term solutions to the eurozone's challenges, Raymond James strategist Chris Bailey asks if a more radical move - such as removing Germany from the euro - could be key to a resolution.
For the ardent enthusiasts of European integration in the 1980s and 1990s, it was never meant to be like this. The common consensus then was the introduction of a single currency would economically be a huge stimulus for the pan-European economy, driving down the costs of doing business and boosting competitiveness. Less overtly mentioned, but duly noted, was that a single currency would also represent an important stepping stone to a closer political fusion. It is undeniable that something has gone very wrong with the European project over the last few years - beyond the general str...
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