The Question:
As the global recession evolved into a sovereign (government) debt crisis in the euro zone in 2010, many economists and policymakers started to question the survival of the euro, and in 2011, some even predicted an abandonment of the euro. The ultimate fate of the euro will help to answer the question of whether independent countries with diverse economies could successfully maintain a joint monetary policy and a single currency. Do you think the euro will survive? Discuss the pros and cons of the euro (a single currency) in the context of the current crises in the euro zone.
Requirements
