Eichengreen, Barry; Ghironi, Fabio - C.E.P.R. Discussion Papers - 1995
European Monetary Union: locking in Germany's commitment to the project, and reconciling EMU with variable geometry. It reviews … what we know about the costs and benefits of EMU for the interest groups concerned. We conclude, however, that it is not by …. Rather, it is the symbiosis between the Single Market and EMU that is likely to drag the latter, kicking and screaming, into …