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- W2890175310 abstract "Entering a currency union without any political union European countries have taken a gamble: will the needs of the currency union force a political integration (as anticipated by Monnet) or will the tensions create a backlash, as suggested by Kaldor, Friedman and many others? We try to answer this question by analyzing the cross sectional and time series variation in pro-European sentiments in the EU 15 countries. The 1992 Maastricht Treaty seems to have reduced the pro-Europe sentiment as does the 2010 Eurozone crisis. Yet, in spite of the worst recession in recent history, the Europeans still support the common currency. Europe seems trapped: there is no desire to go backward, no interest in going forward, but it is economically unsustainable to stay still." @default.
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- W2890175310 date "2015-04-01" @default.
- W2890175310 modified "2023-09-27" @default.
- W2890175310 title "Monnet's Error" @default.
- W2890175310 hasPublicationYear "2015" @default.
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