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Eurozone at 21: A Monetary Union Without...

Warnock, Francis E...

Case

Eurozone at 21: A Monetary Union Without Growth?

Warnock, Francis E.

GEM-0178 | Published May 13, 2021 | 24 pages Case

Collection: Darden School of Business

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This case addresses the troubles facing the eurozone in early 2021. Was the area doomed to low (or no) growth? Had the eurozone’s high-profile financial crises in Greece, Ireland, and Cyprus given way to the type of slow rotting of society that leads to revolutions? Was the COVID-19 pandemic the final nail in the union’s coffin? Or would the pandemic, notwithstanding the enormous and devastating toll on the union’s citizens, jar the eurozone out of its doldrums? Would 2021 be the good year that finally set the eurozone on the right path? The eurozone’s growth story over the next five years would affect companies and investors all over the world.