The Euro Saga: An Essay

11 Pages Posted: 14 Feb 2018

See all articles by Ralph Folsom

Ralph Folsom

University of San Diego School of Law

Date Written: 2018

Abstract

Whither the EURO? This question has taken on heightened, global significance in the wake of the EURO-zone financial crisis that emerged in 2010 and remains ongoing. Answers, or at least approaches to answers, are important not only to bail outs of Greece, Ireland, Portugal and Cyprus, but also Spain, Italy and the whole of the European Union, including Britain before and after BREXIT and other non-EURO members. Indeed, they are critical for the stability of the financial world as we know it. In this essay, my approach to these questions is historical. In order to understand whither the EURO, it helps to understand whence it came. I explore the design and origins of the EURO. Systemic flaws that emerged early in that history have continued to haunt the EURO. Whether these flaws can be remedied and at what cost becomes the central focus of this essay.

Keywords: International Business Transactions Practitioner Treatise; Principles of International Trade Law; Principles of European Union Law; Principles of International Litigation and Arbitration; NAFTA, Free Trade and Foreign Investment in the Americas; Foreign Investment Law; State Antitrust Laws

JEL Classification: A00, A10, K10, K22, K33

Suggested Citation

Folsom, Ralph, The Euro Saga: An Essay (2018). San Diego Legal Studies Paper No. 18-331, Available at SSRN: https://ssrn.com/abstract=3123384 or http://dx.doi.org/10.2139/ssrn.3123384

Ralph Folsom (Contact Author)

University of San Diego School of Law ( email )

5998 Alcala Park
San Diego, CA 92110-2492
United States

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