eurocrisis, as she failed to declare support for the financially distressed eurozone countries. Instead she convinced EU … government bonds of the periphery eurozone countries and investors to sell these bonds, driving their prices to zero. Periphery … eurozone countries came close to bankruptcy but were jointly bailed out by the EU and the IMF, though this prolonged the crisis …

account how the EU operates. The Eurozone still makes sense in order for Europe to compete in an increasingly globalised …). 2) The Eurozone's framework was known to be flawed by the politicians who created it; its inception was a political … compromise (pgs. 3 and 9). 3) The flaws of the Eurozone were compounded by trade policies of emerging market countries, reforms …

The recent debate on the Eurozone failed to appreciate a particular characteristic of European crisis experiences …