Template-Type: ReDIF-Article 1.0 Author-Name: F. Pavoncello Author-Email: fpavoncello@johncabot.edu Author-Workplace-Name: John Cabot University, Rome, Italy Title: One for All and All for One: Euro Crisis Abstract: The work analyzes the euro zone problems that escalated in the world financial crisis environment and traces the history of the European currency establishment. It also discusses sovereign debt of the Euro zone countries, primarily, those of Greece, and the ways to resolve such problems. It stresses the absence of alternatives for the collective financial responsibility of the European Union. Classification-JEL: Keywords: euro zone, European Union, euro crisis, the Treaty of Maastricht, public expenditure cuts, default on sovereign debt Journal: Finansovyj žhurnal — Financial Journal Pages: 5-12 Issue: 4 Year: 2011 Month: October File-URL: http://www.nifi.ru/images/FILES/Journal/Archive/2011/4/statii/2011_04_01.pdf File-Format: Application/pdf Handle: RePEc:fru:finjrn:110401:p:5-12