Posted by: zanshin, 2009-05-27 01:34

Statement
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Date: 2007-05-02 (Wednesday)
"International monetary reform usually becomes possible only in response to a felt need and the threat of a global crisis. The global crisis would have to involve the dollar," and a single global currency would be "a contingency" to this global dollar crisis.
-- Nobel prize winner Robert Mundell (known as "the Father of the Euro") in a speech titled "A Decade Later: Asia New Responsibilities in the International Monetary System" delivered in Seoul, South Korea, May 2-3, 2007






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