A short history of the eurozone crisis

29-03-2012

When the economic crisis started in 2008, a number of eurozone Member States had growing budget deficits and government debts, along with competiveness problems. Monetary union without fiscal union may be the seed of the current difficulties.

When the economic crisis started in 2008, a number of eurozone Member States had growing budget deficits and government debts, along with competiveness problems. Monetary union without fiscal union may be the seed of the current difficulties.