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This is clearly the crucial question. At the moment I see no option to restrict capital movement, but going back to national currencies.

The fiscal union, which monetary union would require is not forthcoming. Instead the crisis is festering and the turn of more and more people against the EU leads to restrictions on the one truly crucial freedom: the free movement of people.

by rz on Thu Jul 17th, 2014 at 01:40:41 PM EST

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