Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/147771 
Year of Publication: 
2015
Citation: 
[Journal:] Cogent Economics & Finance [ISSN:] 2332-2039 [Volume:] 3 [Issue:] 1 [Publisher:] Taylor & Francis [Place:] Abingdon [Year:] 2015 [Pages:] 1-9
Publisher: 
Taylor & Francis, Abingdon
Abstract: 
The global economy has experienced considerable turbulence since 2007. The financial crisis has been viewed as the trigger for a prolonged period of economic decline. This decline remains an issue for all member states of the European Union, the eurozone and beyond. We argue genesis of this crisis lies in the integration negotiations of 1991, ratified in 1992. These produced a flawed economic model within the eurozone. Given the seeds of decay were planted at origin; we argue the solution can be found through a reconstructed eurozone via looser integration, where countries less equipped to deal with the realities of closer integration will be economically independent.
Subjects: 
currency union
current account surpluses
euro
eurozone
financial crisis
public finances
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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