- It looks to be another difficult year for the eurozone, even if the lower euro and oil prices provide some much needed relief.
- Even if we manage to get past the Greek election, we should open our eyes to the inherent failures of the eurozone, which is likely to regularly produce a crisis.
- For instance, the eurozone cannot really cope with different policy preferences or asymmetrical shocks, indeed it tends to reinforce the latter. It is a half baked, and therefore a crisis prone system.
The Coming Euro Crash
March 18th, 2015 · No Comments