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June 29th, 2021 
Read this case study (I attached pictures) and answer these 3 questions.
1) What were the reasons for the Eurozone crisis?
2) Was the euro area an optimal currency area? Why: what was missing?
3) Have the necessary reforms been made after the outburst of the crisis? Give details about these reforms and explain the reasons for which they were likely to improve the situation.
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