<p>Goodbye to all that.</p> Photographer: Vanderlei Almeida/AFP/Getty Images Europe
It’s almost a truism to say that membership in the euro exacerbated the Greek crisis . The thinking goes like this: Because Greece doesn’t have its own currency, it couldn’t increase its competitiveness and boost growth through devaluation. Although devaluation is a valuable instrument, I think most countries and companies would benefit if the world, not just Europe, used a single currency.
Today’s fragmented financial world […]
