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OK, I agree it is unusual to call France a monetary union.
But I then simply don't understand Mig's using France as an example for his statement "But absent a monetary union there is no reason not to have capital controls". I must be missing something, I am not trying to be obtuse but I don't think I got it.

Earth provides enough to satisfy every man's need, but not every man's greed. Gandhi
by Cyrille (cyrillev domain yahoo.fr) on Fri Jul 18th, 2014 at 06:20:53 AM EST
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