How the EU could be abolished with nations keeping the quantity of single euro currency under exclusive independent national control within nation state boundaries. | richard writings

December 16, 2018 by · Leave a Comment 

Here are my initial thoughts on how the EU could be abolished on the continent with each newly independent nation retaining the single euro currency as their national currency albeit under exclusive independent national control and without an EU central bank.

It is a problem for which no economist’s model presently exists. Can the EU be abolished and an order of peaceful trading among sovereign nations replace it without eliminating the euro currency that Europe shares? I believe so.

Consider how the United States Federal Reserve System was originally proposed to function. The United States would be divided into twelve different Federal Reserve Districts with each district able to expand or contract money supply as the individual district reserve banks thought necessary for optimizing market activity in the respective districts.

Source: How the EU could be abolished with nations keeping the quantity of single euro currency under exclusive independent national control within nation state boundaries. | richard writings

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