DSpace Coleção:https://ri.ufs.br/jspui/handle/riufs/2142026-05-06T08:57:31Z2026-05-06T08:57:31ZIs the euro a failure?Mueller, Antony Peterhttps://ri.ufs.br/jspui/handle/riufs/13182025-09-22T16:55:17Z2013-01-01T00:00:00ZTítulo: Is the euro a failure?
Autor(es): Mueller, Antony Peter
Abstract: Many political analysts and even some prominent
economists put the blame for the current economic
crisis in Europe on the euro. In their view, the crisis
showed that the European Monetary Union has no future. Right
from the beginning of the current crisis, these pundits proclaimed
that the demise of the euro was imminent. As if hit by a kind of
amnesia, these authors seem to forget that it was the American
real estate market from where the crisis spread and that not only
members of the European Monetary Union suffer from economic
malaise but also many other countries, which do not belong to the
euro. Those who proclaim a euro crisis seem to ignore that there
are countries in the euro zone that are doing relatively well and
that the severe crisis is limited to some countries in the Southern
periphery of the euro area, most prominently to Greece. Other
than by proclaiming massive contagion, there has never been a
solid reason how an economy the size of Greece, which represents
a small part of the total gross domestic product of the Eurozone,
could bring down the European Monetary Union.2013-01-01T00:00:00Z