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The argument is, essentially, that if the Euro does survive it will be by instituting among other things a fiscal union and a banking union and thus it will hollow out the policy functions of the "EU minus Euro". At that point, there will be little difference between being in the EU but outside the Euro, or being outside the EU (Like Switzerland, Norway, Iceland or Liechtenstein).

The Euro will outlivebury us all --- Jean-Claude Juncker
by Migeru (migeru at eurotrib dot com) on Sun May 5th, 2013 at 04:45:13 PM EST
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