This paper argues that the Eurozone crisis stems from a risk management failure in the Eurosystem's design, and that … monetary union and other assets. We firstly analyse a country's debt choice, assuming as a benchmark case that the no-bailout …

" the institutional failures on which the Euro and the Eurozone are built, strengthens them and further weakens the … construction on which the European member states operate. In this sense, the Treaty explains why the crisis in Europe is so deep … and persistent, and why the member states of the Eurozone are having such difficulty in returning to a path of balance and …

The euro area sovereign debt crisis has highlighted the importance of reducing public debt levels and building up …

supranational monetary union. Finally, I develop policy recommendations for the ongoing debate in the Eurozone. …

This paper analyses the EU's response to the Eurozone sovereign debt crisis. It examines the background to the crisis … inside and outside the Eurozone. Consequently, the paper concludes that these fault lines will characterize the future of …