Lesson sovereign debt and European Security Cover Image

Lecţia datoriilor suverane şi securitatea europeană
Lesson sovereign debt and European Security

Author(s): POP Napoleon, Drăgoi Andreea
Subject(s): Politics / Political Sciences
Published by: INFOSFERA - Revista de studii de securitate si Informații pentru Apărare
Keywords: sovereign debts; fi nancial crisis; European security; integration; cohesion and solidarity

Summary/Abstract: This paper analyzes the impact of the sovereign debts on the European security from the perspective of the present economic and political situation in Europe. Under the pressure of the numerous effects of the fi nancial crisis, the EU member states seem insensible to the fact that Europe is almost facing a catastrophe, which was already experienced some decades ago, but with the difference that nowadays we have better instruments to negotiate and to prevent the worst case scenario. In this context, we are surprised to see that the EU member states are ignoring EU main principles – cohesion and solidarity –, which were the fundament of the European integration political project, when they are to solve the most diffi cult problems. If we analyze the Greece crisis only from a pure economic perspective, the constraints that the EU is imposing to Athens seem to be a big mistake, which can predict a diffi cult future. If some high ranking politicians in the EU see as a catastrophe a third bailout for Greece, this situation announces the risk which is threatening the efforts and hopes invested in the peace of Europe. Greece crisis is the symptom of the numerous mistakes made by the European governance, given that the European political spectre is mainly occupied by radical and not by democratic parties. More than that, the process of a country indebting stays on the economic rules imposed by the EU.

  • Issue Year: VII/2015
  • Issue No: 3
  • Page Range: 44-58
  • Page Count: 15