Mayer, Thomas; Marcussen, Michala - In: Intereconomics : review of European economic policy 54 (2019) 2, pp. 85-89
In its present set-up, the EMU could be expected to follow its historical predecessor, the Latin Monetary Union, which was founded in 1865 and in effect ended in 1914. Then as now, it was impossible to coerce sovereign states to follow the rules needed to establish a single currency.
