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The Eurozone’s Flaws Are Not Intrinsic

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  • Simon Wren-Lewis

    (Oxford University)

Abstract

There seem to be two typical responses to the failure of the euro project that the last five years have exposed. The first, mostly from those outside the eurozone, is that the whole project was doomed from the start and should be abandoned. The second is that the only way forward is further political integration. However, the problems of the eurozone are not intrinsic to any attempt at a monetary union, but rather reflect design flaws in the particular version of monetary union that was embodied in the euro project.

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  • Simon Wren-Lewis, 2016. "The Eurozone’s Flaws Are Not Intrinsic," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 51(1), pages 20-24, January.
    • Handle: RePEc:spr:intere:v:51:y:2016:i:1:d:10.1007_s10272-016-0568-0
    DOI: 10.1007/s10272-016-0568-0
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    Cited by:

    1. Fernando López‐Castellano & Fernando García‐Quero, 2019. "The Euro System as a Laboratory for Neoliberalism: The Case of Spain," American Journal of Economics and Sociology, Wiley Blackwell, vol. 78(1), pages 167-193, January.

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