17 Colum. J. Eur. L. 395 (2010)
Matthew C. Turk, Associate, Sullivan & Cromwell, LLP; J.D., New York University School of Law, 2010.
The European debt crisis that started in 2009 has revealed underlying structural problems in the European Monetary Union that threaten the viability of the common currency in its current form. An unraveling of monetary coordination in Europe would mark a significant event of disintegration in the face of a decades long trend of integration that was commonly considered to be an inevitable and self-sustaining process.