CAN THE EUROZONE SURVIVE Coursework Example | Topics and Well Written Essays - 2000 words

CAN THE EUROZONE SURVIVE - Coursework Example Finally, it stipulates reasons on to whether the Eurozone can survive the crisis and whether it should survive the crisis. Introduction The Eurozone is a constituent of the European Union countries that have adopted the euro as their common currency. The Eurozone is a constituent of many countries including: Austria, Finland, France, Belgium, Cyprus, Germany, Slovakia, Netherlands, Estonia, Greece, Italy, Luxembourg, Ireland, Malta, Portugal, Slovenia and Spain. The Eurozone crisis is a state whereby the countries in the Eurozone have experienced difficulties in paying their debts. The Eurozone countries are experiencing the crisis since they have experienced deficits in their current accounts. That means the capital outflows have exceeded the capital inflows. These countries are located in the continent of Europe. These countries had faced many problems in their countries and wondered how to eliminate. The Euro was adopted first by eleven states in the 1st of January 1999.