Fratzscher, Marcel - In: DIW Economic Bulletin 5 (2015) 27, pp. 361-364
Precisely 25 years ago, on July 1, 1990, German monetary union came into force. On the same day, capital controls in … Europe were abolished, creating the basis for European monetary union and the euro. These two historical events fundamentally … changed Germany and the rest of Europe. Both German and European monetary union were and still are being heavily criticized …