Euro area

The Eurozone s Strength in Disunity

Scotching the Eurozone

Optimizing the Eurozone

Down with the Eurozone

Judgment Day for the Eurozone

London vs. the Eurozone

Demokratisasi di Eurozone

A Survival Strategy for the Eurozone

Back to the Brink for the Eurozone?

Golden Rules for the Eurozone

Rebalancing the Eurozone

The Eurozone s Strategy of Pain

The Government the Eurozone Deserves

The Eurozone s False Recovery

Signs of Life in the Eurozone

Growing Up in the Eurozone

Poland s Eurozone Tests

A Standby Program for the Eurozone

Decision Time for the Eurozone

The Eurozone s Agenda in 2013

The Euro s Latest Reprieve

The Eurozone s Minsky Conundrum

Will Vladimir Putin Bolster the Eurozone?

The Eurozone s Narrowing Window

A Breach in the Eurozone Dike

That is why I believe that these countries and the eurozone more generally would benefit from euro depreciation. Although a weaker euro would not increase their competitiveness relative to Germany and other eurozone countries, it would improve their competitiveness relative to all non eurozone countries.

That is where the eurozone is today. A debt crisis that erupted in Greece, the eurozone s outer periphery, has migrated with a vengeance towards the core, so much so that the survival of the eurozone itself is at stake.

A Euro Sabbatical

Sustaining the Unsustainable Eurozone

Eurozone Budgets Under the Spotlight

The False Promise of a Eurozone Budget

In the first stage, beginning in the spring of 2008, the locus of the North Atlantic crisis moved from the United States to the eurozone. Banks in the eurozone came under pressure, and interbank tensions increased.

Europe is our number one priority stabilizing the eurozone and resolving its current crisis are essential to stability and economic recovery in France.

The euro crisis has given rise to a consensus that, in order to function effectively, the eurozone must pursue further integration. Specific proposals include a designated eurozone budget, increased fiscal policy coordination among members, and a eurozone finance minister.

A couple of years ago, the eurozone was in the latter situation. That is why European Central Bank President Mario Draghi s pledge to do whatever it takes to save the euro immediately brought the eurozone s debt crisis to a halt.

A New Approach to Eurozone Sovereign Debt

Does Europe Have a Korean Option?

The Emerging Economies Eurozone Crisis

The Eurozone s Last Stand

All of these changes concern the eurozone s members first, of course, but they are clearly relevant for the wider EU. At the same time, setting eurozone members apart from the wider EU would be inadvisable.

One could argue that the euro has been and still is overvalued, and that this has hindered many eurozone economies productivity relative to non eurozone countries. But the relative productivity deficiencies within the eurozone are more important for growth, and have nothing to do with the exchange rate.

Once membership in the eurozone is optimized, the next step will be to ensure continued progress toward political consolidation. The result will be a stronger, more efficient eurozone one in which the benefits really do outweigh the costs.

The first option would be to progress de facto toward a two speed EU without establishing further legal commitments. Eurozone countries, together with others willing to join the euro in the future (the eurozone plus ), could simply decide to use the legal means already available to increase cooperation.

The Eurozone s Delayed Reckoning