Niall Ferguson Quote
The leaders of continental Europe would indeed plough relentlessly ahead with monetary union, so that by the beginning of 1999 the euro – a single European currency managed by an authentically federal European Central Bank – was a reality. In doing so, they revealed their indestructible faith in the power of hierarchical structures even in an age of exponential network growth.
Niall Ferguson
The leaders of continental Europe would indeed plough relentlessly ahead with monetary union, so that by the beginning of 1999 the euro – a single European currency managed by an authentically federal European Central Bank – was a reality. In doing so, they revealed their indestructible faith in the power of hierarchical structures even in an age of exponential network growth.