Rather, I would like to share my views on the future of European monetary union. From an economist’s point of view, the question whether a country should abandon its currency and join a monetary union is typically analysed in the framework of what is known as the theory of optimum currency areas.
Peter Praet: Interview in Financial Times Interview with Mr Peter Praet, Member of the Executive Board of the European Central Bank, in Financial Times, conducted by Ms Claire Jones and published on 12 December 2013. *  *  *  The European Central Bank has forecast inflation of 1.3 per cent in 2015, which is usually seen as the policy-relevant horizon.