Is a European Monetary Fund needed?
European Union
28.11.2017
In
December, the European Commission will publish its proposal to establish a
European Monetary Fund. From a strictly economic point of view, such a fund is
not needed. There are plenty of political reasons, however, with Germany,
France and the EC all pursuing their own contradictory goals. That makes it
likely that an EMF will eventually be created, even though it will amount to
little more than the existing European Stability Mechanism.