broke the golden rule of a monetary union: commitment to a common inflation rate. As a result, the country faces a trilemma … transfer / no bailout monetary union, and a "clean", independent central bank. Misdiagnosis and the wrongly prescribed … perhaps unprecedented scale to the global community. -- Euro ; Monetary Union ; Banking Crisis ; Balance-of-Payments Crisis …

. Germany had sought every protection against the much-dreaded euro "transfer union", but its own conduct has made that very … lost generation - a prospect, shared with other debtor nations in the union, that has undermined the Franco-German alliance …

meanwhile reached the core. With pro-euro sentiments dwindling fast across the European Union (EU), the future of the euro …

broke the golden rule of a monetary union: commitment to a common inflation rate. As a result, the country faces a trilemma … transfer/no bailout monetary union, and a “clean,” independent central bank. Misdiagnosis and the wrongly prescribed medication …

. Germany had sought every protection against the much-dreaded euro “transfer union,” but its own conduct has made that very … lost generation — a prospect, shared with other debtor nations in the union, that has undermined the Franco-German alliance …