Bank of Portugal spends €100,000 researching ins and outs of monetary union

President of the Bank of Portugal Carlos Costa has given the go ahead to a €100,000 contract with the New School of Business and Economics in Lisbon to research the ins and outs of what monetary union entails. At a recent conference on sustainable growth, Costa stressed the need “to continue to construct a monetary union”. This new research is designed to show “if we are ready for one”.