The Euro Zone Currency System: Catalyst or Wrecking Ball?

Series: Changing of the Guard? Hong Kong 2013
Published: April 8, 2013
  • Erik Berglof
  • Dennis Snower
  • Lars Feld

The flaws in the euro zone single currency system that were uncovered by the crisis of 2008 have crippled many European nations for more than four years.  Self-fulfilling sovereign debt default spirals, persistent intolerable levels of unemployment, and disputes over the proper role for the European Central Bank are telltale symptoms of a social and economic system in disarray.  What can be done to fix this system? Can it be repaired and once again become the basis for a hopeful and balanced integration of Europe?

Series: Changing of the Guard? Hong Kong 2013
The event was called “The Changing of the Guard?” because it focused on the most pressing global questions of our time, such as economic inequality and financial instability, all set against the backdrop of Asia’s rising importance in the world. CIGI is a co-sponsor of this event.
The opinions expressed in this article/multimedia are those of the author(s) and do not necessarily reflect the views of CIGI or its Board of Directors.
Return
to cigi
2017