Too easy to swallow the euro's red herring

Assumptions Europe's crisis is mainly monetary are a mistake. In fact, the single currency has only brought to light the catastrophes of countries’ respective economies.

Last week, I gave a speech to Auckland University’s economics club called The never-ending Euro crisis – Anatomy of an economic policy disaster. It was a wide-ranging presentation in which I covered the history and pre-history of European monetary union, Europe’s fiscal and monetary problems, the eurozone’s governance issues and their political implications.

It was, essentially, a summary of three years’ worth of Business Spectator columns, packed into a lecture lasting a little over an hour. I didn’t leave out too much.

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