BRICS - Is A Common Currency Such A Good Idea?

... social policies and the different governments’ generosity even more evident, thus inevitably leading to the much debated eurozone debt crisis and to contraversial talks of a possible Grexit. A single currency implies that for such a reform to be made ... ... fiscal framework of all the member states. Furthermore it means that the respective countries can no longer use their isolated monetary policy to increase their competitiveness. This may pose a challenge for the BRICS who pride themselves on their competitive ...