member countries in regard to economic policies, and ensuring smooth operation of a single market in the region. Two decades … of history confirm the stability of the euro as a single currency in the region and it is seen as a great achievement of …

the current euro area crisis. The euro may have led to bubbles, but member economies were not free of trouble before the … euro. Many members were losing competitiveness and in need of removing structural rigidities. If anything, the euro was … introduction of the euro and then discuss the governance overhaul taking place in Europe today. This overhaul was something that …