After analyzing historical progress of European monetary unification, we find out that most member states in Euro area prefer to choose fixed exchange rate regimes.

通过对欧洲货币一体化的历史进程进行分析，发现多数欧元成员国偏向选择固定汇率制度。

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You also argue that monetary union need not entail political union and that German unification would have worked better without the imposition of rigid labour markets on the East.

ECONOMIST: Europe's single currency