Trilemma augurs euro-area tariffs or capital controls
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In this article
- Current configuration
- Lost independence
- Trilemma framework
- Exchange rate maintained
- No financial controls imposed
- Sabbatical from the euro or the common market
- Unfriendly exit, unfriendly tariffs
- Believable?
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_350.jpg "The euro currency sign is seen in front of the ECB headquarters in Frankfurt (Reuters/Lisi Niesner)")