EMU crisis management - effectiveness of stabilization of the euro at the time of debt and currency crisis

The thesis analyzes measures adopted and applied by the EMU crisis management in years 2010 to 2012, that means at a time when debt and currency crisis was affecting the euro area countries the most. The main focus is dedicated to the rescue mechanism EFSF and expansive monetary policy of ECB as these crisis management tools were used for stabilization of the debt situation in Ireland, Portugal and Greece. Analyzing of these tools leads to assess their contribution to selected country and to European monetary union as a whole. The final part is devoted to possible solutions for the debt crisis and to the future of the eurozone and the common currency