When considering the European currency union, the region appears on a potential path towards tighter centralized political control following the “whatever it takes” economic mandate as outlined by European Central Bank President Mario Draghi. Euro membership has value that needs further integration The very value of Euro membership was tested in Greece recently, a Goldman Sachs report notes, and the initial verdict was that remaining a part of the Euro family was most important. “We believe political commitment to the Euro remains high: even in Greece, the incumbent government was ultimately prepared to accept an invasive and aggressive adjustment programme…
On This Page
- Euro membership has value that needs further integration
- What was the extent to which policy makers were prepared to keep the euro together?
- Goldman thinks Varoufakis "Plan B" was "natural," and they considered it in the bank's planning
- Economic fallout from ECB limits to hold together Euro area seen as "little risk of market dislocation"
- The path to a tighter economic and political union for those that remain in the euro
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