Euro

European integration pre-crisis2 Paris Treaty2 Rome Treaty3 Maastricht Treaty3 The European Integration through a Single Currency4 TRANSITIONAL STAGE 1999-2001 : Official launch of the EURO4 II. The Euro-crisis5 The EURO Crisis: Timeline of the Events5 2001-20085 20095 20105 20116 20127

Outline the adverse selection and moral hazard problems that existed in the Euro crisis of 2009. (approx. 2 double spaced pages; 10 marks) Due to imperfect information of borrower makes and the lender cannot be able to distinguish between good

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