Current issues of the financial stability in the euro area
Subject The article overviews development trends in the euro zone economy as a whole and the sustainability of economic growth and changes in key financial and macroeconomic indicators in the member countries.  Objectives The research analyzes the evenness of economic development in the eurozone and identifies key challenges of the eurozone integrity and further European integration processes.  Methods I analyze macroeconomic statistics, compare, formalize and specify the findings. I also apply methods of deduction and graphic interpretation of the resultant data.  Results The financial position and economic potential of the eurozone countries became more uneven than it was after the 2008 crisis. What really triggers the disintegration of the eurozone and EU is the increasing unemployment in economically weak countries against the stabilizing employment and high wages in the eurozone leaders. The European financial system is more sustainable than it used to be a decade ago.  Conclusions and Relevance The European Central Bank may possibly need to tighten the policy of quantitative easing and bailing-out of assets to maintain the stability in the eurozone and protect the Euro as the single European currency. If the global economy stagnates within 2019 through 2021 and falls into a recession, the eurozone will definitely face challenges it had to stand in 2009-2014. The economic policy of the eurozone and EU should consider adverse effects and post-crisis situation of recovery and prevent the divergence of the leading and lagging counties. The findings may prove useful to improve the financial mechanism of the eurozone economy and stabilize and ensure the fair economic growth of all the member States.