Abstract

This paper provides a brief history of European integration followed by an examination of the Eurozone financial crisis and the economic divergence among particular economies (Germany compared with Greece, Portugal, Spain, and Ireland) it induced. Afterwards a list of structural and policy reforms meant to achieve economic convergence is provided. The paper concludes that in order for the Eurozone to achieve economic convergence, it would be best if Greece and Portugal exited the monetary union. The smaller, more homogeneous union could then more readily achieve economic convergence to function, both politically and economically, as a sustainable monetary union.

First Advisor

Kate Stirling

Date of Completion

Winter 12-14-2012

Degree Type

Thesis

Format

PDF

URI

http://soundideas.pugetsound.edu/economics_theses/93

Language

English

Department

Economics

Download

Share

COinS