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The Emerging Economies’ Eurozone Crisis

WASHINGTON, DC – Most of today’s economic institutions, from money to banking, evolved over many years – the unintended consequences of decisions by millions of individuals. By contrast, the eurozone stands out for being a deliberate creation. It is arguably the world’s second-largest, deliberately-planned economic structure, after Communism.

The eurozone is a remarkable experiment, a genuine vanguard of global progress. As 2012 comes to a close, it is in trouble, and every effort must be made to nurture and strengthen it.