“Money, Interest and Consumption in the General Theory,” in Haim Barkai, Stanley Fischer, and Nissan Liviatan, eds., Monetary Theory and Thought: Essays in Honour of Don Patinkin. London: Macmillan, pp. 74-83. Friedman, Milton (1972). “The Case for a Monetary Rule,” Newsweek, February 7, p. 67. Henderson, Dale W., and Warwick J. McKibbin (1993).
What I mean by realism is having the ability to implement solutions which will effectively address the problems that have been identified in the functioning of the EMU, but in a spirit of compromise and mutual understanding. The worst thing we could do would be to pretend we are reforming the EMU while leaving key issues with no prospect of a solution.