In the first phase of the Monetary Union the discussion focused on advantages and disadvantages related to the Eurozone …, only the inflation goal was fulfilled; but the Eurozone went even further: now the problem is deflation, that is damaging … economic and institutional reforms), because Euro was suffering a great danger. The concerns of the strong Eurozone countries …

This paper addresses the following questions. Is there evidence of financial contagion in the Eurozone? To what extent … matter concerning the Euro Zone. Second, differences in vulnerability to contagion within the Eurozone are even more … remarkable: the core Eurozone members become less vulnerable to EUZ contagion, possibly due to a safe-heaven effect, while …

– Japan, Brazil, USA, Eurozone, Russia, China – have managed to overcome the consequences completely. However, the degree to … which the GFC's impact has been neutralized varies considerably, and the comparison between the eurozone and the two other … developed countries – Japan and USA, reveals the deeper economic problems in Europe. The most appropriate illustration is …