The Future Of The Eurozone Essay

755 words - 4 pages

The Future of the Euro Zone
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The Future of the Euro Zone
The Euro zone came together on 1st January 1991. It's composed of nineteen countries within Europe namely: Cyprus, Austria, Belgium, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia and Spain. The members of the euro zone are the main the main determinants of the success or failure of the Euro. The decisions made by these made by these respective governments as well as the relations of these countries to each other shape the future of the whole region.
The euro zone crisis which started in 2009 was triggered by the ...view middle of the document...

For there to be steady growth and relative peace the region, the EMU must strive to ensure that there is unity within the nations in the European region. The EMU must quell the dispute between the stronger economies and the weaker economies in the European Union. The reforms expected to be carried out by the European Council President in regard to legal and financial restructuring will further lead to stabilizing the region. The establishment of new policies should be done without increasing the administrative cost.
In the case that the policies are not carried out swiftly, efficiently and effectively the region will end up being destabilized and probably end up making the end and the collapse of the Euro zone. Efforts to reduce government debt should be implemented so as to focus on growth of economies within the euro zone. The establishment of stabilizers should be set up to cater for the booms caused by very strong economies within the Euro zone that tend to destabilize the region.
The future of the Euro Zones rests in the hands of the policy makers within the EMU. The Euro zone’s Economic Monitory Union should strive to reform the Euro zone in terms of discipline and loyalty. By so doing, it will enhance...

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