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Previous "euro" failure - The Latin Monetary Union

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posted on Sep, 30 2011 @ 04:36 PM
It may be of interest that there was an attempt for a single European currency in1865. Admittedly the coins had fixed amounts of gold/silver, but it still failed with turbulent gold/silver prices and the onset of World War One.

It is noted that Greece were ejected early on for decreasing the amount of gold in their coins.

History repeating itself - yet again?

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