The "ill-fitting shoe" metaphor for euro

Posted by salta 7 years, 3 months ago to Economics
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"If the euro survives, the experience will be like a painful, ill-fitting shoe. Over time the foot becomes so twisted out of shape that the shoe eventually fits. But it will be a pointless, painful process over many years. Far better not to have bought the wrong size shoe in the first place."
- Norman Lamont, former British Chancellor of the Exchequer


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