Is there the will to save the eurozone?

Commentary feature in which author asks Will the eurozone survive in its current form? To address this question, Martin Wof argues that there is a need to consider three more precise issues. First, how likely is a wave of sovereign defaults? Second, will the eurozone make the changes needed to prevent these? Third, could the eurozone survive them? His answers, in turn, are: quite likely; probably not; and perhaps – but not with certainty.

ESO: Background information: Saving the euro: Bound towards a tense future http://www.europeansources.info/record/saving-the-euro-bound-towards-a-tense-future/

ESO: Background information: A growing crisis puts the euro in danger http://www.europeansources.info/record/a-growing-crisis-puts-the-euro-in-danger/

ESO: Background information: Europe’s leaders recoil from unity http://www.europeansources.info/record/europes-leaders-recoil-from-unity/

ESO: Background information: A hopeless Europe, unable to cope http://www.europeansources.info/record/a-hopeless-europe-unable-to-cope/

Daniel Gros: CEPS Commentaries, December 2010: All together now? Arguments for a big-bang solution to eurozone problems http://www.ceps.eu/book/all-together-now-arguments-big-bang-solution-eurozone-problems

Bruegel: Press Release, 9.11.10: A European mechanism for sovereign debt crisis resolution http://www.bruegel.org/pdf-download/?pdf=uploads/tx_btbbreugel/101109_Crisis_Mechanism_Press_Release.pdf&d=1

EPC: Commentary: Beyond austerity, December 2010 http://www.epc.eu/documents/uploads/pub_1182_beyond_austerity.pdf

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