The global financial and economic crisis in 2008-09 followed by a "Euro crisis" - not a crisis of the Euro but a … sovereign debt (and/or banking) crisis in some Euro countries - forced to reforms of the asymmetric policy design of the … reform steps were necessary to make the Euro area "crisis-proof" for the future. Whether the measures taken are already …

The ongoing Euro crisis and the worse economic development in Europe than in the USA are grounded, not the least in the … mechanism of a new EBU would be distributed unequally between the member countries of the EU/Euro area. Germany would be the … biggest loser, Spain and the Netherlands the biggest winners. Of the non-euro countries, the UK and Sweden have the most to …