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Pandora box: The eurozone and the euro crisisMcIntosh, Bryan, Ferretti, F. 27 August 2015 (has links)
Yes / 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.
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