The Cambridge Consensus

A piece I wrote for LSE’s European Policy and Politics:

Slovenia’s membership of the euro is only partly to blame for the country’s economic problems, however it could prove a decisive obstacle to carrying out necessary reforms.

“Slovenia became the thirteenth member of the eurozone when it adopted the single currency in 2007. As Luka Oreskovic writes, the country was initially held up as a success story of the enlargement process, but the economic situation has deteriorated significantly since the start of the financial crisis. He argues that while joining the eurozone is not entirely to blame for Slovenia’s current economic situation, it exacerbated existing structural problems and could prove to be an obstacle to reform…”