Eurome: A Catalyst For Change? Analyzing The Long-Term Effects Of The Eurozone Crisis!

Given the crisis, this is likely to result in a much less optimistic outcome. The outbreak of the greek crisis in autumn 2009 acted as a catalyst for the wider eurozone debt crisis that followed. The crisis revealed the limitations of the maastricht. It has been a decade since the financial crisis erupted and changed the world in 2008. Ovided considerable support to the formation of the european economic and monetary union (emu).

This chapter reviews the recent economic situation, trends and perspectives of the eurozone. First, we summarize the main features of the double crisis that hurt the euro area.