Good news: The euro crisis is over. At least that is how French President Francois Hollande sees it, according to
remarks he made during his recent trip to Japan.
Latvia's pending entry is
another piece of news for the battered currency area. Never mind minor
problems like a deepening recession in many countries, unsustainable
government debts in others, and faltering export performance in still
others.
The good news/bad news situation of the euro should serve
to remind us that currency areas do not necessarily last forever. The
biggest currency area collapse in recent times was the fifteen-nation
ruble area, which existed briefly following the breakup of the Soviet
Union. It seems like a good time to update a little slideshow I wrote a
few years ago on the breakup of the ruble area and its lessons for the
euro.
This is an updated version of a slideshow first published in January 2010. Click on the image to view the full updated slideshow
Good news: The euro crisis is over. At least that is how French President Francois Hollande sees it, according to
remarks he made during his recent trip to Japan.
Latvia’s pending entry is
another piece of news for the battered currency area. Never mind minor
problems like a deepening recession in many countries, unsustainable
government debts in others, and faltering export performance in still
others.
The good news/bad news situation of the euro should serve to remind
us that currency areas do not necessarily last forever. The biggest
currency area collapse in recent times was the fifteen-nation ruble
area, which existed briefly following the breakup of the Soviet Union.
It seems like a good time to update a little slideshow I wrote a few
years ago on the breakup of the ruble area and its lessons for the euro.
Click on the image to view the full slideshow
- See more
at:
http://www.economonitor.com/dolanecon/2013/06/12/breakup-of-the-ruble-area-1991-1993-a-cautionary-tale-for-the-euro/#sthash.XlgnucI0.dpuf
Good news: The euro crisis is over. At least that is how French President Francois Hollande sees it, according to
remarks he made during his recent trip to Japan.
Latvia’s pending entry is
another piece of news for the battered currency area. Never mind minor
problems like a deepening recession in many countries, unsustainable
government debts in others, and faltering export performance in still
others.
The good news/bad news situation of the euro should serve to remind
us that currency areas do not necessarily last forever. The biggest
currency area collapse in recent times was the fifteen-nation ruble
area, which existed briefly following the breakup of the Soviet Union.
It seems like a good time to update a little slideshow I wrote a few
years ago on the breakup of the ruble area and its lessons for the euro.
Click on the image to view the full slideshow
- See more at:
http://www.economonitor.com/dolanecon/2013/06/12/breakup-of-the-ruble-area-1991-1993-a-cautionary-tale-for-the-euro/#sthash.XlgnucI0.dpuf
Good news: The euro crisis is over. At least that is how French President Francois Hollande sees it, according to
remarks he made during his recent trip to Japan.
Latvia’s pending entry is
another piece of news for the battered currency area. Never mind minor
problems like a deepening recession in many countries, unsustainable
government debts in others, and faltering export performance in still
others.
The good news/bad news situation of the euro should serve to remind
us that currency areas do not necessarily last forever. The biggest
currency area collapse in recent times was the fifteen-nation ruble
area, which existed briefly following the breakup of the Soviet Union.
It seems like a good time to update a little slideshow I wrote a few
years ago on the breakup of the ruble area and its lessons for the euro.
Click on the image to view the full slideshow
- See more at:
http://www.economonitor.com/dolanecon/2013/06/12/breakup-of-the-ruble-area-1991-1993-a-cautionary-tale-for-the-euro/#sthash.XlgnucI0.dpuf
Good news: The euro crisis is over. At least that is how French President Francois Hollande sees it, according to
remarks he made during his recent trip to Japan.
Latvia’s pending entry is
another piece of news for the battered currency area. Never mind minor
problems like a deepening recession in many countries, unsustainable
government debts in others, and faltering export performance in still
others.
The good news/bad news situation of the euro should serve to remind
us that currency areas do not necessarily last forever. The biggest
currency area collapse in recent times was the fifteen-nation ruble
area, which existed briefly following the breakup of the Soviet Union.
It seems like a good time to update a little slideshow I wrote a few
years ago on the breakup of the ruble area and its lessons for the euro.
Click on the image to view the full slideshow
- See more at:
http://www.economonitor.com/dolanecon/2013/06/12/breakup-of-the-ruble-area-1991-1993-a-cautionary-tale-for-the-euro/#sthash.XlgnucI0.dpuf
Good news: The euro crisis is over. At least that is how French President Francois Hollande sees it, according to
remarks he made during his recent trip to Japan.
Latvia’s pending entry is
another piece of news for the battered currency area. Never mind minor
problems like a deepening recession in many countries, unsustainable
government debts in others, and faltering export performance in still
others.
The good news/bad news situation of the euro should serve to remind
us that currency areas do not necessarily last forever. The biggest
currency area collapse in recent times was the fifteen-nation ruble
area, which existed briefly following the breakup of the Soviet Union.
It seems like a good time to update a little slideshow I wrote a few
years ago on the breakup of the ruble area and its lessons for the euro.
Click on the image to view the full slideshow
- See more at:
http://www.economonitor.com/dolanecon/2013/06/12/breakup-of-the-ruble-area-1991-1993-a-cautionary-tale-for-the-euro/#sthash.XlgnucI0.dpuf