Author: Martin S. Feldstein, President Emeritus, National Bureau of Economic Research
January/February 2012
Foreign Affairs
The collapse of the euro is no accident; the seeds of the crisis were planted before the monetary union even began, argues a former chair of the Council of Economic Advisers. It never made sense to yoke so many different economies and cultures together—yet they now find themselves trapped in a union that leaves no means of escape.
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