Is the euro doomed? This column argues that economic differences within Europe, clearly exposed by the current crisis, are reasons to doubt the sustainability of the single currency.
The Eurozone debt crisis poses an unprecedented challenge to policymakers in Europe. A very peculiar situation has emerged – a common, area-wide monetary policy is associated with country-specific, and very heterogeneous, nominal and real long-term yields.
Πηγή: Voxeu