Wynne Godley nailed it, way back then.
"The central idea of the Maastricht Treaty is that the EC countries should move towards an economic and monetary union, with a single currency managed by an independent central bank. But how is the rest of economic policy to be run? As the treaty proposes no new institutions other than a European bank, its sponsors must suppose that nothing more is needed. But this could only be correct if modern economies were self-adjusting systems that didn’t need any management at all."
(Hat tip to EconomicsNewZealand @economicsNZ)
An uninformed population and it's options are soon parted?
