Keeping the EMU will cost money

Keeping the EMU will cost money

Keeping the monetary union (EMU) together will cost money. It is as much a political as an economic question, according to Mark Cliffe, chief economist of ING Group. He says that there are essentially three dimensions along which the monetary union could be saved: through reform, reflation and redistribution of money between the poor and the rich.

Watch Mark Cliffe’s video performance.

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