A book of essays published by the Institute of Economic Affairs on Friday could not be better timed.
In the introduction, economist Philip Booth writes of the eurozone crisis: “Like Dickens’ Great Expectations, this story has two possible endings: a 'sad' one and an ambiguous one. The unfortunate ending would be the continuation of the status quo."
The intention of the dozen economists who have contributed to the book is to bring “rational economic thinking” to the debate and find ways in which the euro could, if necessary, be allowed to break up in an orderly way.
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