1. Eurozone Crises -- 2. An 'Optimal' Currency Area: What Could it Mean? -- 3. Why was the EMU Established?: Different …This book takes a close look at macroeconomic imbalances within the Eurozone and explores the profound consequences the … has left a number of Eurozone countries with devastatingly high rates of unemployment. The book argues that by …

accompany fiscal consolidation and discusses the appropriate tools of crisis management and why a restructuring of the Eurozone … is not the right step. Based on these considerations, a long-term target picture for the Eurozone as a part of the EU is …