The Crisis and the Euro

Financial crisis has posed different challenges to the Euro area and its governance: The role of the Euro zone in the genesis of the financial crisis and a critical analisys the debates around the possibility that some euro zone members could be tempted to re establish their old national currencies. To explore the prospects of new EU members adopting the euro and the ECB´s response to the crisis and the need for a single bank regulator. Finally, it speculates about the future of euro-dollar rivalry.