Encrucijadas de la moneda única.Algunas claves para una reflexión desde la periferia

Résumé

The article reflects about the viability and implications of the Economic and Monetary Union from a Southern periphery of the European Union perspective, especially that of the Spanish economy. The argument is developed through three ideas: a) single currency is the origin of the financial crash, b) euro zone’s reconfiguration carried out by community leaders has preserved and also has sharpened imbalances and asymmetries that triggered the economic crisis, c) the debate on how to overcome it contains and transcends the dilemma that arises from being part of the European Monetary area, or not.