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The EMU is not an optimal currency area.
"I see an incomplete currency area," he said.
Precisely the same mechanism operates within a unified currency area.
Plainly, it is far from being an optimal currency area.
America does not look like an optimal currency area either.
Eurozone: the 19 countries in the single currency area have had negative rates since June 2014.
Similar(5)
The single-currency area is descending into a dangerous recession.
EUROPE'S single-currency area is in the mire.
The United States is a single-currency area, and doubtless reaps great benefits as a result.
In March 2013 it became the fifth country in the single-currency area to be rescued.
The single-currency area has for example been slow to deal with its lame banks.
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