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Europe has had more than its share of botched and of successful currency unions. The Snake, the EMS, the ERM, on the one hand and the British Pound, the Deutschmark, and the ECU, on the other. The currency unions which made it have all survived because they relied on a single monetary authority for managing the currency.
Coward, whom nothing but thy power makes strong; Whom Age and Malice bred t'affright the young; Here thou dost tyrannize to that degree, That nothing but my Death will set me free. Erm. and Isil. SCENE IV. Philander's Apartments. Enter Philander and Alcander. Phil. Urge it no more, your Reasons do displease me; I offer'd her a Crown with her Philander, And she was once pleas'd to accept of it.
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