Matolcsy: It is all about identity

English2020. feb 12.GOVERNOR MATOLCSY100WORDS

A brilliant British writer, Louis de Bernieres better grasped the gist of all arguments against the present EU than a good deal of “experts” /FT, 25 January/26 January 2020/.

It is certainly true, that “the euro zone contains incompatible economies, and so it is impossible to fix an interest rate or a general economic policy that fits them all”. Period.

But there is something even more awesome than that.

We all want to belong to a community with a shared identity; however, by now it is blatant that there is no such thing as European identity. That is the main culprit for the failure of the present EU.

Re “No rowing back”

Governor Matolcsy, MNB, the Central Bank of Hungary

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