In the past decade, several studies have been conducted on the international crisis and its impact on European economies as well as EMU sustainability issues. Based on a selective review of this literature and recent books on The crisis in the European Monetary Union. A core-periphery perspective by Giuseppe Celi, Andrea Ginzburg, Dario Guarascio and Annamaria Simonazzi, and on Europe’s Political Spring: Fixing the Eurozone and Beyond by Agnes Bérnassy-Quéré and Francesco Giavazzi, this essay explores some interpretations of the crisis and the suggested solutions, as well as some hypotheses concerning the EMU’s future.
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