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The health of the euro zone GDP, unemployment and inflation To what extent the euro is responsible Contents 1. Introduction 2. unemployment 3. GDP in Europe since 1999 4. Inflation I Europe since 1999 5. Conclusion Introduction The Euro is a single currency that was introduced initially into eleven countries in Europe in 1999, with Greece opting to implement the currency in 2001 and Slovenia joining in 2007. These countries are known collectively as the Euro zone. Under such an agreement it was necessary for the formation of a single body that would be solely responsible for the setting of monetary policy within the zone. The European Central Bank (ECB) was established for this purpose, taking control of money supply and therefore directly affecting prices, output and unemployment in the Euro zone. This therefore impacted on the individual governments' ability to manage their own economies, as they can no longer use monetary policies such as...

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