Sunday, May 20, 2012

J.P. Morgan on IMUs (Improbable Monetary Unions) and Why The Euro Was Doomed From The Start

Who defined economics as the dismal science? (Thomas Carlyle). Have a look at this clever chart showing the degree of dispersion of various nations, each one being characterized by more than 100 factors (from corruption to deficits),within “hypothetical monetary unions.”

The Eurozone major countries come out as more heterogeneous than even a grab bag of nations whose names are beginning with the letter “M”!

Read the article in The Atlantic here.

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