Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
As far as I see it, a "monetary union" is an area with a common currency, but without common fiscal policy and without free flow of labor (in the EU free flow of labor is not possible because of the different languages). Obviously you could call any area with one currency a "monetary union", but this is not how it is used in practice.
by rz on Fri Jul 18th, 2014 at 03:53:47 AM EST
[ Parent ]

Others have rated this comment as follows:

Carrie 4

Display:

Top Diaries

Occasional Series