The European Monetary Institute has finally confirmed the worst fears of supporters of European monetary union. At the start of a meeting with clients, Paul Mercier, head of financial markets at the EMI, said to them: “I want to be as open as I possibly can there will be a delay in monetary union.”
“I couldn’t believe it,” says an economist who was present at the meeting. “We were all aghast. All I wanted to do was to rush out and get on the phone to people.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
