Step 1 Read the Case and Review the Questions Step 2 Watch the Video "Eurozone Debt Crisis Visualized" Step 3 Submit the Case Write-up For the case write-up you will need Microsoft Word. The write-up...

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TITLE: THE EUROZONE DEBT CRISIS
Evolution of the European Common Market, EU between the aftermath of World War 2 and the Eurozone Crisis and the Maastricht treaty and the treaty of Rome
    The European market transitioned and developed after the 2nd world war with a common objective to eliminate trade barriers and promote the growth of the European markets starting with the ECSC between 6 countries (Germany, France, Belgium, Italy, Luxembourg and the Netherlands) to enable the movement of Coal and Steel between these countries without any restrictions in 1950. The six members of the ECSC expanded their community to include the UK, Denmark and Sweden in 1973 to form the European Community. Subsequently, other European countries like Greece, Portugal, Spain and Italy joined the EC and made the group larger. Finally, the Maastricht treaty was signed in 1992 and led to the formation of the European Union and also marked the genesis of the Euro as a virtual currency among the European Union. The Maastricht treaty was signed by 27 countries unlike the treaty of Rome which was only between 6 countries. The other differences between these treaties were that the Maastricht treaty focussed more than removing trade barriers but also introducing monetary and economic reforms.
The Implementation of the Maastricht Treaty
    The criteria of the Maastricht treaty wasn’t implemented efficiently as it overlooked the qualifying criteria to be met by the countries that joined the European Union. The convergence criteria that had to be met was a stable inflation rate,...