Comparative Analysis between the Economies of the Euro Area and the USA

Differences in economic performance between the USA and the euro area have been the subject of much debate. Even though these large economies might be considered similar, there can be identified some differences. This paper aims to realize a parallel between two of the largest monetary unions in the world. To compare the economies of the currency unions in Europe and United States of America I have chosen a set of indicators regarding monetary policy, growth and financial markets. The answer provided by the analysis is that the Euro Area has made an impressive progress since its initiation, but this has to be continued in order to achieve the performances in the USA.