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  4. Barry Eichengreen
  5. The 1992 crisis proved that the existing system was...

The 1992 crisis proved that the existing system was unstable. Not moving forward to the euro would have set up Europe for even more disruptive crises.

Barry Eichengreen
Moving, Europe, Unstable
The 1992 crisis proved that the existing system was unstable. Not moving forward to the euro would have set up Europe for even more disruptive crises.