Monday, July 6, 2015

Will the Euro Survive the European Crisis?

It was in 1999 that 17 member nations from the European Union came together to form a powerful economic alliance, known as the Eurozone. The Maastricht Treaty of 1992 laid down stringent criteria to gain a membership in the alliance. Euro became the face of this congregation, standing in direct competition with the strongest currencies, US Dollar and British Pound. Today, years of rampant violation of the fundamental philosophy of the Eurozone and glaring financial realities threaten the very existence of this economic force.