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Mr Prodi wanted a "genuine economic government" to make Europe's single currency work better.
Create a single currency and you find you need a single economic policy to make the currency work properly.
"She's an artist making a huge, risky leap, taking Wagner and making him common, contemporary currency, work that relates to our time".
There are all sorts of theories, but we don't quite understand what makes a currency work and what makes it really liquid.
But the economic convergence necessary to make a single currency work is much deeper than having business cycles in synch (and existing members don't even make the test).
Europe has shown it can make the European Union and its unified currency work, and thus the euro has become stronger.
Similar(30)
"They have the currency working in their favor.
It was a "lunatic idea". A single currency worked in the United States, "because wages are flexible and workers are mobile". Europe lacked these advantages.
They say a single currency works well in the US.
This is how a gold standard currency works.
Simple rules that are essential to virtual currency working.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com