Download This PaperCan the Eurozone Survive?
37 Pages Posted: 4 Mar 2015
Date Written: April 1, 2014
Abstract
The paper discusses the differences among countries of the Eurozone which impede growth. The paper offers solutions aimed at encouraging economic convergence to a higher level of standard of living. Economic disparity throughout the region has increased due to the global financial crisis. A common currency is insufficient for economic growth. Sectoral policies need to be considered aimed at increasing equality among country members. The authors explore how the European Union may consider stimulating specific sectors in order to achieve real convergence and spur socioeconomic development in the Eurozone countries.
Keywords: euro, economic competitiveness, economic policy of Eurozone, sectoral policy, monetary system
JEL Classification: E00, F00, G00, O2, O4, P1, P5
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