Professor Lapavitsas is the lead author of a new EU report ' Breaking Up ? A Route Map of the Eurozone Crisis ' He believes the EU 's Economic and Monetary Union is probably heading for a break up . The European Monetary Union -- which is the system within which the euro operates -- has trapped several countries of diverging competitiveness within a rigid framework of fixed exchange rates , a single monetary policy , tough fiscal discipline , and continuous pressure on labor . Lapavitsas : The collapse of the European Union has been a testament to its weakness .
Professor Lapavitsas is the lead author of a new EU report ' Breaking Up ? A Route Map of the Eurozone Crisis ' He believes the EU 's Economic and Monetary Union is probably heading for a break up . Lapavitsas : The collapse of the European Union has been a testament to its weakness .