A euro at two speeds?

McWilliams, David
January 2012
OECD Observer;2012 OECD Yearbook, p28
Academic Journal
The article presents the author's insights on the solutions for the euro crisis. The author says that two-speed arrangement between core and periphery may be the answer to the problem. He mentions that a two-speed euro involves two distinct but related currencies, which keeps the entire euro project together. He adds that banks in each country could issue bonds backed by the European Union (EU), as well as redeemable for new euros at the European Central Bank (ECB).


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