From the Firm to Economic Integration
New Thinking in Political Economy series
Chapter 9: Monetary union: pleading for another approach
The process of European unification has long been viewed as the replacement of existing nations by a single European super-state, consisting of existing nations. Pro-European activists have been skillful enough to raise the actual process of European unification to the status of a sacred myth that must not be disputed: Those who disagree with the process of integration are accused of not being “European.” But there are people who believe in individual liberty and who fear that this liberty would be threatened by an excessive centralization of power.
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