The Euro’s Growing Pains

13Apr

Bringing areas together under a common currency can increase labor mobility and decrease transaction costs. However, currency unions also bring with them a loss of monetary autonomy and difficulty regarding political, cultural, and legal integration. As the Euro Zone struggles to get back onto a steady path of economic growth more than six years after the onset of the financial crisis, it begs the question - does the Euro Zone work as a currency union?

**This is part of an upcoming series from the NYU Eurocrisis Discussion Group Podcast Series**
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