We are sorry, but the Eurozone isn’t about to collapse

Абстракт

After the global economic and financial crises, the voices that the architecture of the Eurozone is not stable enough and it is likely to collapse become even stronger. The scenarios and arguments for possible collapse of the Eurozone are numerous. However, the predictions that the euro will not survive even its first year of existence did not materialise. Just the opposite, the Eurozone is not only existing 25 years later, but it is further developing, deepening and even enlarging. The current paper will list some of the critics on the design of the Eurozone and it will present some of the scenarios for its possible collapse and dissolution. Despite these negative predictions, we will describe much more possible and positive scenarios for the future of the Eurozone. We will list also some of the main arguments and current developments that demonstrate that the euro is not only a vital project but also a currency with great potential and prospects.