What can be wrong about joining forces and adopting a common

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Beware of simplistic answers to complicated macroeconomic questions. Consider each of the following statements and comment on whether there is another side of the story: There is a simple solution to the problem of high European unemployment: Reduce labor market rigidities. What can be wrong about joining forces and adopting a common currency? The euro is obviously good for Europe.

Reference no: EM13158966

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