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The single monetary policy will probably not fit there, either.
So far we have discussed disputes that revolve around a single monetary issue.
And despite the discomfort of a single monetary policy, no country has seriously considered leaving.
It was the largest single monetary gift in the museum's 39-year history.
The E.C. will become a single monetary market in about two years.
Comparable growth rates make it easier to set a single monetary policy for the 11 nations.
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To raise the stakes even further, there was no exit mechanism for the single currency: monetary union was, by design, irreversible.
The Bank now proposes instead to release these items all at the same time as a single combined monetary policy announcement.
Under their single European monetary policy, euro-zone countries have already agreed to limit their budget deficits and to respect broad guidelines in making economic policy.
There are bound to be serious collisions in the years ahead between a single European monetary policy and national economic policies.
Call it single-payer monetary policy.
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