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In 2015, the eurozone had been in and out of recession for seven years and had slipped into deflation. This case presents a brief history of the eurozone and allows students to consider the growth prospects for the union. Is the eurozone damned to a decade of economic contraction? Or is the worst behind it?
This case is used at the end of the core international macro sequence in Darden's MBA program. It allows the student to put into practice theories of both long-term economic growth and stabilization policies.