Can the Eurozone Survive?

37 Pages Posted: 4 Mar 2015

See all articles by Alojzy Z. Nowak

Alojzy Z. Nowak

University of Warsaw

Kazimierz Ryc

University of Warsaw

Yochanan Shachmurove

City University of New York, CUNY City College of New York - Department of Economics; The University of Pennsylvania - Department of Economics

Date Written: April 1, 2014

Abstract

The paper discusses the differences among countries of the Eurozone which impede growth. The paper offers solutions aimed at encouraging economic convergence to a higher level of standard of living. Economic disparity throughout the region has increased due to the global financial crisis. A common currency is insufficient for economic growth. Sectoral policies need to be considered aimed at increasing equality among country members. The authors explore how the European Union may consider stimulating specific sectors in order to achieve real convergence and spur socioeconomic development in the Eurozone countries.

Keywords: euro, economic competitiveness, economic policy of Eurozone, sectoral policy, monetary system

JEL Classification: E00, F00, G00, O2, O4, P1, P5

Suggested Citation

Nowak, Alojzy Z. and Ryc, Kazimierz and Shachmurove, Yochanan, Can the Eurozone Survive? (April 1, 2014). Available at SSRN: https://ssrn.com/abstract=2572740 or http://dx.doi.org/10.2139/ssrn.2572740

Alojzy Z. Nowak

University of Warsaw ( email )

Krakowskie Przedmiescie 26/28
Warszawa, Pl-00681
Poland

Kazimierz Ryc

University of Warsaw ( email )

Krakowskie Przedmiescie 26/28
Warszawa, Pl-00681
Poland

Yochanan Shachmurove (Contact Author)

City University of New York, CUNY City College of New York - Department of Economics ( email )

160 Convent Avenue
New York, NY 10031
United States
212-650-6202 (Phone)

The University of Pennsylvania - Department of Economics ( email )

Ronald O. Perelman Center for Political Science
133 South 36th Street
Philadelphia, PA 19104-6297
United States
215-898-1090 (Phone)
215-573-2057 (Fax)

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