economic booms in some peripheral Euro-zone countries financed by large capital inflows; the credit and asset price booms and … Latin American audiences. For those Euro-zone countries that built up large Euro-denominated external liabilities, Latin …

This paper dwells on the Eurozone woes and addresses the origins of the transition from a fictitious boom to a painful … necessity of the periphery's sovereign debt to finance imports from the export-led core. Within our macroeconomic setup, we … the future of the Eurozone that will halt the tearing of the social fabric of its member states. …