Abstract

JAMES HEREDIA, Jourdy Victoria. The Euro: Evolution, Perspectives, and Implications for Latin America. Econ. y Desarrollo [online]. 2015, vol.154, n.1, pp.60-73. ISSN ISSN.

The present European monetary region crisis is related with failures in its design, that is why its contradictions have a structural nature. The present article describes the most likely scenarios for Euro-zone; however, the best possible ones forsee a lost decade for Europe's growth and welbeign. The Euro-zone and Latin America have consolidated an economic bi-regional assimetric relationship, that strengthens itself with the crisis; so the ocurring scenario will not positively impact the Latin American region. In such conditions, it is more feasible for it to foster the regional monetary and financial iniciatives.

Keywords : Latin America; Euro zone; crisis; possibles scenarios; monetary initiatives.

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