The fate of the euro
03 August 2018 | Markets and Economy
In this new research paper, Vanguard Investment Strategy Group looks at the history of the euro and the European Union, examines the fate of other monetary unions throughout history, and discusses ways to make the euro sustainable. Our researchers find that the risk of even a partial euro breakup in the near term is low but that the chances increase over the longer term. Policymakers must begin to consider economic reforms that will ensure the euro’s future.