# In a co-authored op-ed, Professor Kim Schoenholtz argues that France abandoning the euro would have significant political consequences

1 Faculty News February 21, 2017 ![Official Moneary and Financial Institutions Forum OMFIF logo 192 x 144](/sites/default/files/styles/246w/public/assets/images/omfiflogo192x144.jpg?itok=3wb6Y1jM)>

Excerpt from the [Official Monetary and Financial Institutions Forum blog](https://www.omfif.org/analysis/commentary/2017/february/fears-over-a-french-franc-return/) -- "Ultimately, monetary stability requires political support. Without fiscal co-operation, no central bank can maintain the value of its currency. In a monetary union, stability requires a modicum of co-operation among governments."

[Read more](https://www.omfif.org/analysis/commentary/2017/february/fears-over-a-french-franc-return/)