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Unless the Seuro has a true fiscal union.
The premise of my argument is that a SEURO Monetary Union would start with significant recycling mechanisms including a shared, portable unemployment, health care and retirement scheme, and both monetary and fiscal policies suitable to the needs of trade deficit countries. Another premise is that these conditions would have to be accepted by new members seeking to join.  

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sun Aug 28th, 2016 at 03:21:10 PM EST
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