The euro could also survive the European Union itself.
With the EU facing one of the most violent crises since its birth due to the spread of the coronavirus infection, many are convinced that very soon the single currency will also end up on the back burner and each state will have its own currency again.
In fact, according to an article published by “The Economist”, it is not necessarily true that this is the case. Rather, the euro could easily remain as currency even in case of “end” of European Union.
According to “The Economist”, in fact, “the complexity of financial super structure built on the euro it makes disintegration a terrifying prospect. And the ECB, the institution at the heart of the euro, has muscles. In the event of a crisis, it can quickly deploy powerful tools. “
Euro even in case of EU end? Right-wing forces won’t like it
In reverse of European Union, which is instead the institution that dictates the rules.
A perspective, that of maintaining the euro, which obviously it cannot please the sovereign forces present in Europe. Including the Italian ones (Lega and Fratelli d’Italia on the front line), which have long been asking for an exit from the EU and a return to the national currencythus abandoning the single currency that is labeled as a bankruptcy experience on the right.
Yet, according to The Economist, the euro would be “much more resistant” than one might think.
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