, the eurozone and beyond. We argue genesis of this crisis lies in the integration negotiations of 1991, ratified in 1992 …. These produced a flawed economic model within the eurozone. Given the seeds of decay were planted at origin; we argue the … solution can be found through a reconstructed eurozone via looser integration, where countries less equipped to deal with the …

The recent "eurozone crisis" called attention to the substantial current account imbalances within the euro area which … unsustainable movements in the current account. The pre-crisis eurozone was characterized by large and persistent current account … managing the domestic level of wages and prices. In the pre-crisis eurozone, due to diverging configurations of domestic …