financial integration within the euro zone, a possible financial integration process within the non-euro zone continues to be … ignored. It seems that due to the weak development of financial markets, the economies outside of the euro zone are relatively … more protected against crisis when compared to those inside the euro zone. Therefore, the so-called contagion effect is …

example has been cruelly shaken by the EZ (Euro Zone) crisis, originating increasing doubts about the integration process. It … periphery countries, but surely they will drive Euro Area as a whole to stagnation and lost decades of economic growth, if not …