Growth is the enemy of the Eurozone reforms

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A big threat to such needed reforms is growth, which facilitates pressure on European politicians to take measures to prevent a future crisis.

It is expected that the economic level in the Eurozone will be high for almost the next two decades however is likely to have an undesirable effect.

Experts fear that the boom, stimulated by the ECB’s simple money policy, will deter politicians from making tough decisions on deeper integration. Nevertheless, further reforms are necessary, since there are 19 different states in the Eurozone, the fiscal and political bases of which are different.