Prague Economic Papers 2015, 24(1):88-104 | DOI: 10.18267/j.pep.502

Eurozone Crisis

Marek Loužek
University of Economics, Faculty of Economics, 4, W. Churchill Sq., CZ - 130 67 Prague 3 and Václav Klaus Institute, Šárecká 29, 160 00 Prague 6, Czech Republic (e-mail: louzek@post.cz).

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.

Keywords: eurozone, financial crisis, debt crisis
JEL classification: E42, E44, E58, F34, F36

Published: January 1, 2015  Show citation

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Loužek, M. (2015). Eurozone Crisis. Prague Economic Papers, 24(1), 88-104. doi: 10.18267/j.pep.502
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