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Some observers argued a small euro area would be better than the full 11 member group that started in 1999. Draw up the GGLL framework
Some observers argued a small euro area would be better than the full 11 member group that started in 1999. Draw up the GGLL framework for a union comprising of just Austria, Belgium, the Netherlands, Luxembourg, France, and Germany and one for a union of those countries plus Spain, Portugal, and Greece. Are the arguments of these observers justified ?
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