Eurozone growth cannot leave weak countries behind

Polarisation between the eurozone’s ‘core’ and ‘periphery’ has repeatedly raised questions about the composition of the economic and monetary union, writes László Andor

EUROPE’S recovery continues to be undermined by an unprecedented divergence between the eurozone’s ‘core’ and ‘periphery’, which has repeatedly raised questions about the composition of theeurozone.

This polarisation is not only a source of social imbalances but also a danger for the stability of the EU. Economic recovery, social cohesion, and Economic and Monetary Union reform are all linked to each other.