The Euro, currently in its third decade and adopted by 19 EU member states, has survived a number of profound crises, the most prominent being the European sovereign debt crisis. However, the eurozone still faces numerous challenges mainly due to how in the Economic and Monetary Union (EMU) the economic part is contrasted with the monetary one. The most recent of those economic shocks has been the repercussions of the Russian war of aggression on Ukraine that led to a surge in inflation and an economic downturn in European countries.
The report Towards a More Optimal Eurozone aims to evaluate how well the weaknesses of the eurozone have been mitigated, and what gaps remain for the EMU to become an optimal currency area (OCA).
The project involved a group of seven bachelor’s and master’s students from four CIVICA universities, Bocconi University, Sciences Po, Stockholm School of Economics, and The London School of Economics (LSE). All participants engaged in a series of meetings during the writing process, successfully managing the distance of their locations across Europe.
The project was initiated by Guillaume Marder, undergraduate student at Sciences Po and Rasmus Salén, master's student at the EUI School of Transnational Governance, who met during the first CIVICA European Week. Guillaume and Rasmus invited students from various social science backgrounds to contribute to the project, which was supported by Prof. David Domeij, Head of the Department of Economics at the Stockholm School of Economics.
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