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April 8, 2012

Euro-Doom Is a Fantasy

Charles Wyplosz, Bloomberg

AP Photo

The view of many euro opponents is that because the euro area has failed to establish fiscal discipline, the project is now doomed. There is no doubt that fiscal discipline has been lost, but that does not mean the problem can't be fixed. In fact, the governments involved believe that it can be fixed, right now.

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TAGGED: Eurozone

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