Abstract
The Eurozone (and implicitly the whole EU) finds itself at the crossroad. Economic dynamism of the last few years revealed fissures in the European economic and increasingly political edifice. The vaunted achievement—the common currency Euro—proved itself to be the double-edged sword. The common currency certainly contributed to the increased integration both in the real and the financial sectors. However, in the presence of the persistent differences between the “northern core” and the countries on the Mediterranean littoral, this enhanced integration acts more as an undesirable weight and obstacle rather than the dreamed about engine of progress.
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Rusek, A. Quo Vadis, Europa. Int Adv Econ Res 19, 381–397 (2013). https://doi.org/10.1007/s11294-013-9409-0
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DOI: https://doi.org/10.1007/s11294-013-9409-0