The euro has been showing surprising strength. But is the eurozone as healthy as its currency?
- Barry Eichengreen sees a narrow path for reforming the monetary union, if Angela Merkel and Emmanuel Macron can agree on a way forward.
- Simon Johnson is also hopeful, and contends that, now that the worst has passed, the task of reform has become much easier.
- But Ken Rogoff thinks that another decade of slow growth, punctuated by periodic debt-related convulsions, looks more likely for the eurozone.