КРИЗА ЕВРОЗОНЕ И ПОЛОЖАЈ МАЊЕ РАЗВИЈЕНИЈИХ ЗЕМАЉА
EUROZONE CRISIS AND THE POSITION OF THE LESS DEVELOPED COUNTRIES

Summary/Abstract: Eurozone is in deep crisis. Steady economic and employment growth that characterized the decade before the crisis, have disappeared. The economic and financial crisis has wiped out the progress of eurozone economy achieved in the years before the crisis. The eurozone is in crisis for eight years, it is almost a decade of lost economic growth. The crisis has affected all countries in the eurozone, but with different intensity. The crisis is more pronounced in the less developed countries compared to the more developed countries of the eurozone. This was contributed to numerous factors, such as:the weakness of the functioning of the euro in times of crisis, bad measures taken to overcome the crisis, worse and tighter financing conditions, deteriorating competitiveness and unfavorable sectoral structure of the economy. The crisis has revealed the weaknesses of the eurozone.To overcome the crisis and eliminate the weaknesses of the eurozone, deeper reforms to the structure of the eurozoneare needed, which will create a more functional eurozone and allow all member states to be able to achieve and sustain economic growth and full employment.

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