THE FUTURE OF THE EUROZONE: DO WE HAVE A PULSE?
THE FUTURE OF THE EUROZONE: DO WE HAVE A PULSE?
Author(s): Alina BuzăianuSubject(s): Economic policy, Economic development, EU-Accession / EU-DEvelopment, Financial Markets, Socio-Economic Research
Published by: Editura Pro Universitaria
Keywords: economic crisis; European Union; market; euro-zone; debt; recovery;
Summary/Abstract: We have been accustomed, at least for the last few years, to portray the economic crisis within the European Union mostly as “money troubles” (money laundering, bank insolvency, bad investments, sovereign debt, etc.). Very rarely we considered looking for potential causes of default, elsewhere, meaning incomplete but desperately needed political integration within the European Union, ambiguous political decisions at EU level, insufficiently addressed conflicting cultures, and maybe promoting all the wrong standards of financial governance or the absence of the right financial instrument to make the promise believable – the promise to rescue the legitimacy of EU. Furthermore, how the outcome of all this great engagement to save the appearances for the entire European landscape will turn out is yet to be determined.
Journal: Cogito - Multidisciplinary research Journal
- Issue Year: 2015
- Issue No: 4
- Page Range: 67-77
- Page Count: 11
- Language: English