IntroductionThe Eurozone crisis can be considered the most important economic problem of the European Union in history. Due to this crisis, the monetary union faces the possibility of separation, which is an extremely critical issue not only economically but also politically. Until the subprime crisis, made more significant by the bankruptcy of Lehman Brothers in 2008, the economic level of EU members was similar. When the bankruptcy occurred, these countries began to differentiate themselves in very significant ways. Total government debt along with banking sector problems are leading many countries to negative GDP growth, high unemployment rates, and most importantly, social unrest. Due to these enormous economic and social problems resulting from the Eurozone crisis, finding a solution to the monetary problem becomes a priority. an urgent and crucial task for member countries. In order to resolve this problem, many different proposals have been submitted by all parties involved. The policies implemented by the European Central Bank have had powerful impacts on the Union's economy, and as a result the idea of ​​separation within the Union has almost disappeared. However, to be able to find an effective and permanent solution, it is necessary to focus on long-term fiscal and monetary policies.[1]The Eurozone crisis has had enormous impacts not only on the economy of the EU but also other countries which have economic and financial relations with the members of the union. The reason why we decided to examine the Eurozone crisis in detail is to better understand the mechanisms behind this extremely important and complex problem and also to draw precise conclusions about alternative solutions. In our article...middle of the article...neighboring countries will be greatly affected by the issue. In a sense, fiscal austerity or an exit scenario is the alternative to accepting differentiated government bond yields within the Eurozone. . If Greece does not leave the Eurozone by accepting higher bond yields, then high interest rates will decrease demand, increase savings and slow the economy.[11] The other option, a German exit scenario, also causes problems for the country's economy. Due to the loss of purchasing power in peripheral economies and additional transaction costs, German exports to these countries will decline. A stronger euro will also reduce the competitiveness of German exports compared to the rest of the world. On the other hand, Germany has benefited greatly from the latest developments within the union.[12] There is an increase in demand for German bonds.