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What's next in the Euro Crisis? Four Scenarios
07/12/2012
Amidst the current crisis, the monetary union is at crossroads. Does it remain a house without a protective roof or can it be repaired? Four scenarios are possible for the future development of the Eurozone: (1) a continuation of the political "muddling through", (2) a break-up of the monetary union, (3) the creation of a core Europe, smaller than the Eurozone, or (4) its supplementation through a fiscal and a political union.
"Mapping Future Scenarios for the Eurozone" is a project of the Friedrich-Ebert-Stiftung.
The study can be downloaded under http://library.fes.de/pdf-files/id/ipa/09194.pdf free of charge.
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