UC Berkeley’s Barry Eichengreen continues to hold the view that the breakup of the Euro will be too difficult and costly for member countries. He argues that using RMB internationalization to speed up domestic reforms in China is a dangerous strategy and controls in external financial account is the right thing to do to stem capital flight. Eichengreen also suggests training in economic history, data collection, analysis, and other empirical techniques are important for practicing macroeconomists going forward.

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