Zestos, George K.; Cooke, Rachel N. - 2020
surfaced during the Syrian refugee crisis. The eurocrisis revealed near-fatal weaknesses of the European Monetary Union (EMU … deficiencies will cause both the EU and the EMU to dissolve if another asymmetric shock occurs. This paper also analyzes recent …), which is still incomplete without a common fiscal policy, a common budget, and a banking union. Unless corrected, such …