ABSTRACT
Macroeconomic policies in the Eurozone have been dysfunctional since the eruption of the financial crisis. The failure of these policies to guide the Eurozone out of the crisis has everything to do with the design failures in the Eurozone. In this article, we first remind the reader of the nature of these design failures.1 We then analyze how these have led to ill-designed macroeconomic policies. Finally, we discuss how these policies can be improved. Inevitably, this leads to a discussion of how the design failures of the Eurozone should be corrected.
