What Does the Future Success of the Euro Depend On?
The single currency has mitigated the impact of external shocks on the eurozone economies and led to deeper integration. But many problems remain unresolved.
The single currency has mitigated the impact of external shocks on the eurozone economies and led to deeper integration. But many problems remain unresolved.
The new Italian prime minister, Mario Draghi, will have very little time to solve the country’s structural problems, which have existed for decades.
The coronavirus pandemic opens a window of opportunity to initiate structural changes in eurozone countries.
Despite progress toward a single banking policy framework in the eurozone, much of the German banking system has remained partly sheltered from uniform rules and disciplines.
Italy must return to the lira because joining the euro has been disastrous and sticking with it would be suicidal.
