The Eurozone at 20 Part 1: Is It Working?

Independent Insight Provider

Stewart Paterson

Macroeconomics

<p>The GFC and the subsequent Eurozone crisis served to highlight the fragility and sub-optimal nature of the Eurozone. Recent data suggest that European economies are slowing. The damage both economic and social and therefore political  from the last two downturns has been very severe. Data this week and in coming months could well shift the consensus towards a 2019 European recession. Is it safe to conclude that Europe is just one recession away from the end of the experiment with the single currency? </p>

The GFC and the subsequent Eurozone crisis served to highlight the fragility and sub-optimal nature of the Eurozone. Recent data suggest that European economies are slowing. The damage both economic and social and therefore political  from the last two downturns has been very severe. Data this week and in coming months could well shift the consensus towards a 2019 European recession. Is it safe to conclude that Europe is just one recession away from the end of the experiment with the single currency? 

The Eurozone at 20: Will It Survive the Coming Slowdown?