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The Future of the Eurozone: Towards a European Benchmark

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  • Sara CASAGRANDE
  • Bruno DALLAGO

Abstract

The European sovereign debt crisis has demonstrated the need for a rethinking of the European Integration Project. The strong variety between member countries prevented the Eurozone to become a fiscal and political union and the asymmetric architecture of the European Monetary Union (EMU) revealed different weaknesses. The outbreak of the Covid-19 emergency may represent a turning point for the EU and makes even more evident that the future of the Eurozone will depend also on the ability of member countries to make their institutional frameworks coexist. Helping member countries to achieve sustainable and stable outcomes, although in idiosyncratic ways, is the task of the European benchmark. It is a framework, inspired by European treaties, that aims to identify inefficiencies in terms of market, state and social failures and negative externalities inside economic, social, and political institutions. This benchmark represents a new tool for a correct evaluation of the economic, social, and political performance of the European member countries. Note: * A non peer-reviewed version of this article was published as TIGER Working Paper Series No. 143, Warsaw, February 2021). Cite this paper: Casagrande, Sara; & Dallago, Bruno (2022). "The Future of the Eurozone: Towards a European Benchmark" Journal of World Economy: Transformations & Transitions (JOWETT) 1(03):14. DOI: https://doi.org/10.52459/jowett13140122

Suggested Citation

  • Sara CASAGRANDE & Bruno DALLAGO, 2021. "The Future of the Eurozone: Towards a European Benchmark," Journal of World Economy: Transformations & Transitions, ERUDITUS, vol. 1(3).
    • Handle: RePEc:aow:jowett:v:1:y:2021:i:3:id:25
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    Cited by:

    1. Sara Casagrande & Bruno Dallago, 2022. "Socio-Economic and Political Challenges of EU Member Countries: Grasping the Policy Direction of the European Semester," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 64(3), pages 487-519, September.

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