European Disunion

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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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