What are the pros and cons of maintaining the monetary union and the euro, versus returning to national currencies to tackle the current euro-crisis

Revise the 2 articles

  • Moss chapter 7
  • Pack 11. Background Note. Francis Warnock. Exchange Rate Models

answer these two questions using your own words

-Should the gold standard be reinstated to combat currency volatility?

-What are the pros and cons of maintaining the monetary union and the euro, versus returning to national currencies to tackle the current euro-crisis

 

basically write a summary for the two article (half a page each) and answer both of the questions.

total of 2 pages.