Problem:
A euro break-up would cause a global burst worse even than the one in 2008-09. The world's most financially integrated region would be ripped apart by defaults, bank failures and the imposition of capital controls. The euro zone could shatter into different pieces, or a large block in the north and a fragmented south. Amid the recriminations and broken treaties after the failure of the European Union's biggest economic project, wild currency swings between those in the core and those in the periphery would almost certainly bring the single market to a shuddering halt. The survival of the EU itself would be in doubt.
Required:
- Present the arguments that the euro is doomed to fail.
- Present the arguments the euro is built to last.
- Speculate on the effects of the euro's disintegration.
Extra Information:
This question is belongs to Finance as well as it describes arguments in favor and against Euro and its fall and the effects of Euro disintegration.