The aim of this paper is to analyze whether the Euro zone is an optimal currency area. The analysis takes into … introduction of the euro there have been significant advancements in fulfilling some of the criteria, but there is still a need of … further progress in terms of wage flexibility, fiscal and political integration. The final conclusion is that Euro zone is not …

The Swedish referendum in September 2003 on adopting the euro or keeping the domestic currency, the krona, represents a … European integration process heavily influenced the views of the voters towards the euro. …

French taxpayer. In the aftermath of the devaluation of the Franc CFA in 1994, and of the peg of the currency to the Euro in …

Integration into the European Monetary Union (EMU) and adoption of Euro became a specific objective for Eastern … proposed set of indicators and it is estimated Balassa-Samuelson Effect on non-Euro countries. …

wages only will not solve the euro crisis. Only in the case of Greece, Europe’s biggest 'problem child', would a general …One solution to the euro crisis as a debt crisis can be found in stimulating economic growth. The Troika has proposed … wage cut lead to improved competitiveness – regardless of the pain such a reform would cause. This is because Greece …