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Published on Mar 4, 2012
Fragmentation of the Euro will incur political costs. Europe's "soft power" influence internationally would cease (as the concept of "Europe" as an integrated polity becomes meaningless). It is also worth observing that almost no modern fiat currency monetary unions have broken up without some form of authoritarian or military government, or civil war.. The scariest thing, however, is that more and more countries are considering dumping the euro...