Conclusions: An Uneasy Match

Bruno Dallago

Chapter 12 in One Currency, Two Europes:Towards a Dual Eurozone, 2016, pp 517-552 from World Scientific Publishing Co. Pte. Ltd.

Abstract: During the crisis, the Eurozone tested and proved its resilience, yet the monetary union is at a crossroads. Access to larger and more liquid financial markets and larger and more competitive goods markets at lower interests and prices are sizeable advantages for the Eurozone member countries, their governments, firms and financial organisations, and their consumers. Yet these advantages are overshadowed by sizeable disadvantages and costs in terms of lost output and unemployment. Monetary integration has demonstrated itself to be backed by remarkable popular and political support, along with the more obvious support of the business community. Yet recurrent crises still loom.

Keywords: Crisis (International; European); Financial Crisis; Euro; European Policies; European Union; Eurozone; Institutions; Optimum Currency Area (search for similar items in EconPapers)
Date: 2016
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