The Corner

The Upside of the Euro

I’ve long been a euro-skeptic (and a Euroskeptic). But Brian Wesbury and Robert Stein remind us of an advantage of the euro: By making it impossible for the Greek government to solve its problems through devaluation, it forces the public sector to bear more of the pain of economic adjustment. (Warning: Forbes’s Northwestern Mutual ad could hardly be more annoying.)

Ramesh Ponnuru — Ramesh Ponnuru is a senior editor for National Review, a columnist for Bloomberg Opinion, a visiting fellow at the American Enterprise Institute, and a senior fellow at the National Review Institute.

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