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CFR chief: Monetary nationalism, sovereignty should be abandoned
The director of international economics at the Council of Foreign Relations has launched a scathing attack on sovereignty and national currencies.Benn Steil, writing in the current issue of CFR's influential Foreign Affairs magazine, says "the world needs to abandon unwanted currencies, replacing them with dollars, euros, and multinational currencies as yet unborn." In the article, "The End of National Currency," Steil clearly asserts the dollar and the euro are temporary currencies, perhaps necessary today. He argues "economic development outside the process of globalization is no longer possible." Posted by: Anonymoose 2007-05-09 |
| http://www.rantburg.com/poparticle.php?ID=187941 |