Discover and read the best of Twitter Threads about #euroat20

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The #EUROat20 celebration should remind us of a few things we have known all along and others we figured out along the way. This thread traces some points I have made in my work on the € in the past three decades (which is a depressingly long period of time!). 1/20
I was fortunate to work on the politics of EMU @CEPS_thinktank in the early 1990s w/ Daniel Gros, Jeff Frieden, Francisco Torres, @pisaniferry, and a group of others as they puzzled through the implications of building a single currency. 2/20
@CEPS_thinktank @pisaniferry The book I wrote out of that experience was called ‘The Politics of Economic and Monetary Union: Integration and Idiosyncracy’ (rowman.com/ISBN/978084769…) and was published in 2002. The basic argument was upbeat – but with five important qualifications. 3/20
Read 20 tweets
Today is the #Euro's 20th birthday. It's been a turbulent second decade for the single currency. While the Euro has survived, and in many ways been successful, the fundamental political and economic problems laid bare by the Euro crisis remain 1/ #EUROat20
In 2011, I discussed the economic and political reasons for European monetary integration, as well as the political economy of the crisis. The core problems and barriers to real policy solutions I discussed then largely remain today 2/ video.wpt.org/video/universi…
In 2015, I wrote about the Euro crisis in the wake of the Greek referendum. While the Euro has survived and Grexit, thus far, has not happened, the existential threats to EMU in the long term remain 3/ washingtonpost.com/news/monkey-ca…
Read 13 tweets
(THREAD) Mario Draghi is speaking at the School of Advanced Studies @SantAnnaPisa in Italy today. With the euro turning 20 soon, he looks back at the creation of the Single Market and its benefits. Read on to find out more. Full speech here ecb.europa.eu/press/key/date… #EUROat20 1/9
Draghi: The Single Market is often seen simply as an expression of the globalisation process, which over time has even eliminated exchange rate flexibility. But the Single Market and globalisation are not the same thing. 2/9
Draghi: Contrary to the wider process of globalisation, the Single Market has allowed Europe to impose its values on economic integration – to build as free and just a market as possible 3/9
Read 9 tweets
The euro will be 20 years young next year.
It is a symbol of Europe in the world and has been the second most important international currency since day one.
Today, we present ways to further strengthen its global role. 💪💶
Thread. #EUROat20 #FutureofEurope
The euro needs to strengthen its global role. Let's start with:
🇪🇺Completing the Economic Monetary Union
👌Fostering a European financial sector
🔗Linking to the international financial sector
💶Promoting the use of the € in key sectors
More → europa.eu/!YM37QB #EUROat20
Despite the significant share of the euro in international payments, there is still space to expand its use in key strategic sectors.
We need a stronger #EUROat20 to protect European businesses and citizens. See why our factsheet ↓
Read 6 tweets

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