ABSTRACT
This chapter explains that, despite the euro's runaway success during its first decade of existence, Eurozone governments must assume responsibility and strengthen efforts to coordinate and reform the economic, monetary, and social policies needed to maintain the solid performance of the EMU and the euro. This chapter analyzes the current crossroads confronted by the Eurozone and the EU, an intersection at which economic, fiscal reforms and, most importantly, structural reforms must be implemented in order to avoid a painful outcome.
