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Eurozone Crisis

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  • Marek Loužek

Abstract

The purpose of the paper is to analyse the current crisis of the eurozone. The irst part explains why the eurozone is not an optimum currency area. The second part points out that euro is an intensiier of the business cycle. The third part examines the Greek crisis. The fourth part explains the inner tensions in the eurozone. The ifth part asks whether euro is suitable for the countries of Central and East Europe. The sixth part examines the debt crisis within the eurozone.

Suggested Citation

  • Marek Loužek, 2015. "Eurozone Crisis," Prague Economic Papers, Prague University of Economics and Business, vol. 2015(1), pages 88-104.
    • Handle: RePEc:prg:jnlpep:v:2015:y:2015:i:1:id:502:p:88-104
    DOI: 10.18267/j.pep.502
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    More about this item

    Keywords

    eurozone; financial crisis; debt crisis;
    All these keywords.

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration

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