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But much of it would benefit from a properly constructed monetary union.

My point exactly! Members of a Seuro MU would go from being the victims of Euro zone policies to being the beneficiaries of Seruo zone policies. And this would have the beneficial effect of showing all that better alternatives are a practical possibility - but that would have to be discerned through the smoke screen that existing Euro zone incumbents would be generating.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Fri Sep 20th, 2013 at 01:58:59 PM EST
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