How do you square this one? Most economic historians and international economists I know believe a monetary union would fail unless it develops into a fiscal union. Yet, almost all political and legal experts who specialise in the European Union believe a fiscal union is Utopian. If both are right, a fiscal union is simultaneously necessary and impossible. And that would mean – again if both are right – that the euro is doomed to fail.
你怎麼看待這個問題？我認識的大多數經濟歷史學家和國際經濟學家都相信，除非歐元區發展爲一個財政聯盟，否則這個貨幣聯盟定將瓦解。不過，幾乎所有專攻歐盟(EU)事務的政治和法律專家都認爲，建立財政聯盟只是一種空想。如果雙方都沒錯，那麼成立財政聯盟就是既必要、又不可能之舉。而這就意味著——同樣假定雙方都是對的——歐元註定會崩潰。
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