If nothing changes, what will the euro zone look like in ten years?

If nothing is changed in the current functioning of the euro zone, recent political developments suggest the zone should be expected to have some unpleasant features in the future : Widening per capita income gaps between the countries, leading to the juxtaposition in the euro zone of increasingly poor countries and increasingly rich countries, due to the absence of federalism; Weak growth, if the countries with savings surpluses continue to lend them to the rest of the world outside the euro zone ( i.e. if capital mobility between the euro-zone countries is not restored ) and if immigration is rejected; Recurring sovereign debt crises, if increasingly different euro-zone economies continue to issue their own debt and if the ECB cannot ensure the solvency of all the countries in the long term.