Related to the Economics in Practice on p.705: The European Central bank has experienced difficulties during the financial crisis of 2008-2009 because countries using the euro have begun to set their own euro exchange rates.

Question

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Countries using the euro do not have the ability to set their own exchange rates, as the euro is a single currency used by all member countries of the eurozone. The ECB's difficulties during the financial crisis were primarily related to issues such as high levels of government debt and slow economic growth in some member countries, as well as disagreements among eurozone policymakers over the appropriate response to these challenges.

Related to the Economics in Practice on P