Thorsten Beck's picture
Affiliation: 
Cass Business School
Credentials: 
Professor of Banking and Finance

Voting history

Juncker's State of the Union Address

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Question 2: Do you agree that the euro has had more benefits than costs?

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Answer:
Neither agree nor disagree
Confidence level:
Confident
Comment:
The benefits have been unequal across the currency union. I would have answered confidently with yes, if the currency union had been restricted to a set of core countries and/or had been accompanied by convergence in other areas (banking union, fiscal union).

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Question 1; Do you agree that euro membership should be compulsory for all EU member states?

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Answer:
Strongly disagree
Confidence level:
Extremely confident
Comment:
Business cycles and economic structures across EU countries are too different to justify one currency. The Eurozone crisis has shown that too diverse a group of countries do not make a sustainable currency area - diversity not only in economic structure in cycles but also institutions.