Many economists, including Paul Krugman and Nouriel Roubini, have argued that the European Monetary Union is in trouble because of the fiscal difficulties of a few of its member countries. Some have predicted that the euro will fail. Because the prospects for a future single global currency depend upon the continued success of the euro and the currencies of other monetary unions, I discussed the euro with Morrison Bonpasse, president of the Single Global Currency Association, to get his insight into this situation.
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Is the World Headed Toward a Single Global Currency?
Posted by: Theodore F. di Stefano April 7, 2011 08:06 AMMany economists, including Paul Krugman and Nouriel Roubini, have argued that the European Monetary Union is in trouble because of the fiscal difficulties of a few of its member countries. Some have predicted that the euro will fail. Because the prospects for a future single global currency depend upon the continued success of the euro and the currencies of other monetary unions, I discussed the euro with Morrison Bonpasse, president of the Single Global Currency Association, to get his insight into this situation.