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Appears in Collections:Faculty of Health Sciences and Sport Journal Articles
Peer Review Status: Refereed
Title: Pandora box: The eurozone and the euro crisis
Author(s): McIntosh, Bryan
Ferretti, Fabrizio
Keywords: currency union
current account surpluses
financial crisis
public finances
Issue Date: 31-Dec-2015
Citation: McIntosh B & Ferretti F (2015) Pandora box: The eurozone and the euro crisis. Cogent Economics and Finance, 3 (1), Art. No.: 1092860.
Abstract: The global economy has experienced considerable turbulence since 2007.The financial crisis has been viewed as the trigger for a prolonged period of economic decline. This decline remains an issue for all member states of the European Union, the eurozone and beyond. We argue genesis of this crisis lies in the integration negotiations of 1991, ratified in 1992. These produced a flawed economic model within the eurozone. Given the seeds of decay were planted at origin; we argue the solution can be found through a reconstructed eurozone via looser integration,where countries less equipped to deal with the realities of closer integration will be economically independent.
DOI Link: 10.1080/23322039.2015.1092860
Rights: © 2015 The Author(s). This open access article is distributed under a Creative Commons Attribution (CC-BY) 4.0 license ( You are free to: Share — copy and redistribute the material in any medium or format. Adapt — remix, transform, and build upon the material for any purpose, even commercially. The licensor cannot revoke these freedoms as long as you follow the license terms. Under the following terms: Attribution — You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use. No additional restrictions You may not apply legal terms or technological measures that legally restrict others from doing anything the license permits.

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