A comment on Lars Jonung and Eoin Drea's (2010) article, "It Can't Happen, It's a Bad Idea, It Won't Last: U.S. Economists on the EMU and the Euro, 1989-2002." _Econ Journal Watch_ 7(1):4-52. Link

The "nationalization," or public take-over, of private assets can assume many forms. However, all share one common element, coercion. In all nationalizations, owners of private assets must transfer their assets to the government