The latest thinking of European macroeconomists

Summary

The European Commission president’s suggestion that joining the euro should be compulsory for all EU members is not well received by over three quarters of leading economists responding to the latest Centre for Macroeconomics and CEPR survey. Asked a broader question about the success of the common currency, half the experts think it has had more benefits than costs while only a quarter think the opposite. The majority view is that there have been significant benefits but the way the Eurozone has been operated has also imposed significant costs.