Europa del Sur y el euro

As the third phase of European economic and monetary union (EMU) gets closer; pressures are mounting. Some voices are arguing that Italy and Spain might not join EMU, as their lack of discipline make Germans doubt whether to renounce the mark. But it is the treaty that counts; therefore any country which meets the criteria is qualified to join. Moreover, to keep a political balance within the EU, the southern countries' membership is a must.