Since the foundation of the Euro zone, unbalanced economic development has existed among member states, and was a major cause of the debt crisis, posing various challenges to the EU. In response, the EU has realized t...Since the foundation of the Euro zone, unbalanced economic development has existed among member states, and was a major cause of the debt crisis, posing various challenges to the EU. In response, the EU has realized the problem. Financial reforms, fiscal reforms and related system reforms are being implemented so as to establish a relatively perfect single currency zone and solve the issue of the unbalanced economic development. However, at present, due to imperfections in theory of the single currency zone and due to political, economic as well as social situations in Europe, there are challenges in the reform of the Euro zone.展开更多
文摘Since the foundation of the Euro zone, unbalanced economic development has existed among member states, and was a major cause of the debt crisis, posing various challenges to the EU. In response, the EU has realized the problem. Financial reforms, fiscal reforms and related system reforms are being implemented so as to establish a relatively perfect single currency zone and solve the issue of the unbalanced economic development. However, at present, due to imperfections in theory of the single currency zone and due to political, economic as well as social situations in Europe, there are challenges in the reform of the Euro zone.
