Aim/purpose - The aim of this paper is to present two cases of crises in Greece and Italy and to evaluate the shadow … sample covers Greece in 1989-2020 and Italy in 1989-2020. Findings - The research presented the estimation of shadow exchange …

for the newly created structure to be considered optimum. The economies of Eurozone countries did not meet these … requirements. In consequence, the present functioning of the Eurozone encounters many disturbances – the strong differentiation of … to the financial crisis encompassed the Eurozone countries, yet they only concern financial policy. The adopted strategy …

seems as if there is an alternative. But what? The Eurozone is in a deep and prolonged crisis. It is now clear that monetary … source of the Eurozone crisis -- The stock-flow quandry of the EMU -- European and global inability to deal with external …