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Published on May 23, 2012
Foreign Affairs Focus: The Failure of the Euro With Martin Feldstein
Editor Gideon Rose interviews author Martin Feldstein about the failure of a currency once meant to unite the European economy and community. In the 90s, Dr. Feldstein pointed out the likely negative outcomes of creating a monetary union among such different nations and cultures. In this interview and recent article, he explains the consequences of the European debt crisis, noting the differences among Greece, Italy, Spain, and others. Is this in fact an experiment that has failed, or can the Euro survive and achieve some of its original purpose?