The Euro has been an important addition to the foreign currency markets. Using the internet and...

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Finance

The Euro has been an important addition to the foreign currencymarkets. Using the internet and any other sources you can forinformation, please discuss in your own opinion what the mostimportant current issues associated with the Euro are. Also,discuss from a US perspective your perception of the pros and consassociated with this currency

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One of the defining economic features of European Union is that it is a monetary union and not a fiscal union This means that Eurozone has a common currency and a common central bank ECB But on the expenditure side each country has its own policies and there is no central authority to control debt and fiscal deficit Noble Prize winner American economist Joseph Stiglitz in his book The Euro How a Common Currency See Answer

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