Is the EURO sustainable?

2011

Masteroppgave i økonomi og administrasjon - Universitetet i Agder 2011 The purpose of this thesis is to evaluate the economic sustainability of the Eurozone. The thesis has a macro-economic approach which looks at the Eurozone as a whole, with special emphasis on the peripheral countries of Europe that are experiencing a sovereign-debt crisis at the moment. Both economic theory and history will be used to illustrate the topic. The role of the currency union in the time of crisis is the main scope of the thesis. A monetary union in reality means fixing the exchange rates of the members against each other. Many countries outside the Eurozone that were also suffering from the economic shock of…