Gekko

SOME people think I’m far too narrow-minded about European Monetary Union, that I’m unwilling to consider the positive side of the EMU story, that I’m just another Anglo-Saxon chauvinist. That’s probably true (except that I’m more Picto-Celtic than Anglo-Saxon). Just to show my new open-mindedness, I’m going to give the other side a hearing in my very own space.

“The constitution of Europe as an economic unit will not result in the disappearance of nations, but the community of interests will to a large extent create a political community. [A monetary union should be established] on the basis of a European fixed-exchange-rate mechanism, guaranteed by unifying the methods of monetary creation and the management of central banks.”

JD

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John Dizard

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SOME people think I’m far too narrow-minded about European Monetary Union, that I’m unwilling to consider the positive side of the EMU story, that I’m just another Anglo-Saxon chauvinist. That’s probably true (except that I’m more Picto-Celtic than Anglo-Saxon). Just to show my new open-mindedness, I’m going to give the other side a hearing in my very own space.

“The constitution of Europe as an economic unit will not result in the disappearance of nations, but the community of interests will to a large extent create a political community. [A monetary union should be established] on the basis of a European fixed-exchange-rate mechanism, guaranteed by unifying the methods of monetary creation and the management of central banks.”