The Euro project – a political choice

... economies of the European South do not need a fixed and expensive euro and the sooner they leave the euro area the better? That’s why the current crisis in the euro area should be viewed from the beginning, not from the end. Pluses and minuses of South Europe membership in the euro area Upon joining the euro area the countries of Southern Europe have gained: Low inflation rate – ECB managed to maintain low inflation rate in the euro area what earlier was unachievable for Italy, Spain and Greece....