Was The Eurozone A Bad Idea?

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In June, Greece defaulted on its loan payment, sending doubts on the future of the Euro. So, we wanted to know, was the Eurozone a bad idea?

Learn More:
Why the Euro Is Doomed in 4 Steps
http://www.theatlantic.com/business/archive/2013/03/why-the-euro-is-doomed-in-4-steps/274470/
“We’re going to need a bigger acronym.”

The Euro
http://ec.europa.eu/economy_finance/euro/index_en.htm
“The euro is the single currency shared by 19 of the European Union’s Member States, which together make up the euro area.”

European Central Bank (ECB)
http://europa.eu/about-eu/institutions-bodies/ecb/index_en.htm
“Role: To manage the euro, keep prices stable and conduct EU economic & monetary policy”

The Debt Crisis and the European Central Bank’s Role of Lender of Last Resort
http://www.peri.umass.edu/fileadmin/pdf/working_papers/working_papers_301-350/WP306.pdf
“The debate on the role of the central bank in the European debt crisis reveals the increasing difficulty of the authorities to apply sensible solutions.”

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