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Pandora box: The eurozone and the euro crisis

McIntosh, Bryan
; 
Ferretti, F.
Publication Date
2015
End of Embargo
Supervisor
Keywords
Eurozone, Euro crisis, Economic decline, Financial crisis, Currency union, Current account surpluses, Euro Public finances
Rights
© 2015 The Author(s). This is an Open Access article distributed under the Creative Commons CC-BY license (http://creativecommons.org/licenses/by/4.0/)
cb
Peer-Reviewed
Yes
Open Access status
openAccess
Accepted for publication
2015-08-27
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Department
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Embargo end date
Collections
Health Studies Publications
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Abstract
The global economy has experienced considerable turbulence since 2007. The financial crisis has been viewed as the trigger for a prolonged period of economic decline. This decline remains an issue for all member states of the European Union, the eurozone and beyond. We argue genesis of this crisis lies in the integration negotiations of 1991, ratified in 1992. These produced a flawed economic model within the eurozone. Given the seeds of decay were planted at origin; we argue the solution can be found through a reconstructed eurozone via looser integration, where countries less equipped to deal with the realities of closer integration will be economically independent.
URI
http://hdl.handle.net/10454/9915
Version
Published version
Citation
McIntosh B and Ferretti F (2015) Pandora box: The eurozone and the euro crisis. Cogent Economics and Finance. 3.
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Link to published version
Link to Version of Record
https://doi.org/10.1080/23322039.2015.1092860
Type
Article
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Notes