January 11, 2018 Foreign Affairs
This article co-written by political economist Mark Blyth in Foreign Affairs is part of an e-book on financial geopolitics. "As a single-currency area, the eurozone formally has no internal imbalances. In reality, however, the persistent export surpluses it runs against the rest of the world are generated in the north and east of the eurozone, while persistent budget deficits are generated in the south, an imbalance that could yet lead to a split in the eurozone."
How the Eurozone Might Split (co-written by Mark Blyth) – Foreign Affairs