Copyright
of these publications is held by the Centre for European
Reform. You may not copy, reproduce, republish or circulate
in any way content from these publications except for
your own personal and non-commercial use.
Any other use requires the prior written permission
of the Centre for European Reform. |
|
| |
WILL
THE EUROZONE CRACK?
by Simon Tilford
September 2006
|
|
Europeans
often refer to Economic and Monetary Union and enlargement
as the EU's two greatest successes. However, the basis
for a sustainable currency union is not in place.
Unless the members rapidly boost their reform efforts,
and unless economic growth across the eurozone accelerates,
EMU faces a bleak future. What happens in Italy will
be critical. If Italy fails to improve its competitiveness,
it will eventually have to leave the eurozone. This
could force other countries to quit the currency union
and potentially threaten the EU's single market.
Simon Tilford is
head of the business unit at the Centre for European
Reform.
|
REVIEWS
AND RELATED ARTICLES
|
Slow
reform could bust up eurozone
article and review of 'Will the eurozone
crack?',
Business Week, 19 September 2006
Why break-up of faltering euro could be the way ahead
article and review of 'Will the eurozone crack?',
The Telegraph, 18 September 2006
|
|
|
