EconPapers    
Economics at your fingertips  
 

The Euro at 20: Successes, Problems, Progress and Threats

Karl Whelan ()

The Economic and Social Review, 2019, vol. 50, issue 4, 725-750

Abstract: The euro has had a difficult second decade but the project has still had some important successes. The common currency is popular among the Euro Area’s citizens, intra-European exchange rate instability has been removed and the ECB has successfully achieved its primary goal of price stability. The single currency’s popularity has made the euro more resilient than many sceptics thought possible twenty years ago. A number of improvements to the architecture of EMU have been implemented in the past decade but serious tensions remain, relating to fiscal capacity, sovereign default and financial stability. To keep the euro together, Europe’s politicians need to make the Euro Area less crisis-prone and to make it easier for member states to recover from the inevitable cyclical downturns that will happen in the future. The past few years have seen many proposals put forward for future improvements to the economic policy structure underlying the euro. Keeping the euro together may depend on Europe’s politicians agreeing to implement them.

Keywords: Euro; economic policy; Euro Area (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed

Downloads: (external link)
https://www.esr.ie/article/view/1330/263 (application/pdf)

Related works:
Working Paper: The Euro at 20: Successes, Problems, Progress and Threats (2019) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eso:journl:v:50:y:2019:i:4:p:725-750

Access Statistics for this article

More articles in The Economic and Social Review from Economic and Social Studies
Bibliographic data for series maintained by Aedin Doris ().

 
Page updated 2023-01-06
Handle: RePEc:eso:journl:v:50:y:2019:i:4:p:725-750