The consequences of a Euro collapse for both the Eurozone’s core and periphery are so dramatic, and their ramifications so uncertain, that all efforts should be made to shore up the European Monetary Union

What is the solution to the Eurozone crisis? It is certainly not in allowing the Euro to weaken or collapse, according to Manuel Muniz and José Carlos Alcázar. They argue that Europe has the capacity to fix the Eurozone, and that Northern European economies must accept that they need to provide the necessary resources to help others those in the periphery reform their economies and prosper.