Single world currency 'inevitable'

Business > Economics

ECONOMICS

Published: 8/12/2011 at 02:51 AM
Newspaper section: Business

Robert Mundell, the Nobel Prize-winning Canadian economist, is confident the 13-year-old European monetary union will survive and has reaffirmed his wish for a universal currency.

Speaking yesterday in Bangkok, he predicted European leaders will address the euro zone's embattled economies with important changes in the economic bloc.

Measures will likely include amending the existing fiscal treaty and making troubled economies adopt austerity measures.

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: Writer: Parista Yuthamanop; Position: Writer

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victor careford

Discussion 1 : 08/12/2011 at 10:12 AM1
What a load of rubbish! How on earth this man thinks that there could possibly be a single currency in this world, I don't know. I think that the Euro has proved that this is completely impossible. For a single currency to work would mean that all nations of the world under one Government,: what a laugh.
I'll give you a prediction that the Euro will be dead within the next 5 years. It is too costly to run ones own Govenment and still have to pay for another!
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Single world currency 'inevitable' | Bangkok Post: business