Kevin O'Rourke describes a political trilemma in Europe. He says that if the nation state remains dominant in the Eurozone, the trilemma suggests two possibilities. Either public opinion is successfully ignored in countries like Germany, Greece, and Ireland; or the European Monetary Union will come under threat in the longer run.
Kevin O'Rourke is Professor of Economics at Trinity College in Dublin. He is speaking in the panel "Optimal Currency Areas and Governance: The Challenge of Europe" at the Bretton Woods Conference on April 10, 2011.
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