The monetary union tries to handle two groups of countries which differ greatly in terms of economic culture. First, the North-West European countries […] which aspiring to rules and discipline, and the Mediterranean countries […] which aspiring political solutions to economic problems. The first group […] aspires to solidity, the second group aspires solidarity, that is to say; other people’s money.

Frits Bolkestein

Tags: politics crisis europe european-union



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