Implied Dissent

Saturday, April 30, 2005

Very promising

I tend to be skeptical about the EU. I see the obvious benefits (common currency, free trade, etc.), but worry about the consolidation of political power and whether the Euro will be managed like the Lira or the Mark, plus some smaller issues like trade diversion. There had been talk about tax harmonizing, but it seems to be taking a different form than expected. Very promising.


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