(Another) Very Bad Arrangement

by Andrew Stuttaford

George Soros, no euroskeptic, on the future of the euro:

“[The euro]  could last quite a long time, the same way as the Soviet Union, which was a very bad arrangement, lasted for 70 years. However, I think that eventually, it is bound to break up the European Union. The longer it will take, and it may take generations, those will be lost in terms of political freedom and economic prosperity.

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