In this paper we provide a brief discourse on the theory of optimum currency areas to serve as a basis for constructive criticism of the conceptual framework of the eurozone. With particular reference to the Greek economic crisis, we argue that the very architecture of the EU experiment...

The on-going and seemingly endless financial crisis within the European union in conjunction with the austerity measures implemented by a number of member states, have caused a great deal of speculation to emerge regarding the appropriate policy responses needed to put the already derailed...