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Friday, 15 February 2013

EMU countries are dollarized in terms of the Euro (Deutsche Mark)

EMU countries are dollarized in terms of the Euro (Deutsche Mark)

Dollarized countries have no independent monetary policies. EMU countries have no independent monetary policies. Their Central Banks have no autonomous monetary policy capability, the same as in dollarized countries like Zimbabwe, Equador and Panama.

Nicolaas Smith

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