Is the European Monetary Union in terminal decline?
Summary
Demographics are destiny. The foundations of the European Monetary Union, which provides the financial underpinning for the European Union, and its central bank, the European Central Bank, are increasingly fragile. Without significant structural reforms in its member countries, the EMU will unravel. Across the currency union, public spending on pensions hovers around 12% of GDP.
Description from Washington Examiner.
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Is the European Monetary Union in terminal decline?
Demographics are destiny. The foundations of the European Monetary Union, which provides the financial underpinning for the European Union, and its central bank, the European Central Bank, are increasingly fragile. Without significant structural reforms in its member...
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