European Disunion

Come January 2002, 300 million people in twelve European countries will start using the Euro exclusively instead of their domestic notes. The new European notes will carry pictures of bridges – how anodyne. But worse – instead of specific bridges, these will be pictures of architectural styles because specific bridges were deemed to favor one country over another. If they can’t even have a picture of, say, the Pont du Gard on a banknote, how can these countries ever have a common monetary policy?

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