Leaving the Hotel Euro?

The eurozone is stuck in a surreal waiting room biding time until one member dies off. If leaders could introduce European Special Drawing Rights, a healthier future would be possible.

The nations of Europe now resemble a truly unhappy marriage, sans divorce, with the spouses desperately wishing the "'til death do us part” section of the ceremony would hurry up and arrive – and despondent that, unlike spouses, nations don’t die.

Figure 1: Unemployment in Europe



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