To sum up, experience has shown that the economic well-being of individual countries participating in Monetary Union depends on their ability and willingness to effectively implement sound fiscal policies and structural reforms.
As we know, there are a number of countries that have managed to fully reap the benefits stemming from membership of the euro area, while other countries have performed in a less satisfactory manner than could legitimately have been expected by their citizens. But this undesirable outcome and policy failure is certainly not the fault of the euro.