Five key questions for the eurozone members

As the eurozone crisis continues to batter markets today, we highlight the five key challenges facing the continent.

1 Can the eurozone balance growth and austerity? A key challenge, and one that has never been addressed properly by Germany, is whether the eurozone can balance the needs and profiles of very different economies. Since the creation of the single currency more than a decade ago, this question has hung over the continent, but the answer may be unpalatable. The truth of the matter is Germany has been content to pay for the other countries as long as its own economy powers ahead, benefitting from a currency which is ‘cheap’ relative to the country’s own strength. For peers though, th...