World – Dimensions of the Crisis and Salvation of European Project Cover Image

Свет - димензије кризе и спашавање европског пројекта
World – Dimensions of the Crisis and Salvation of European Project

Author(s): Snežana Grk
Subject(s): Economic development, EU-Accession / EU-DEvelopment, Politics and Identity
Published by: Институт за политичке студије
Keywords: world; dimensions of crisis; roots of crisis; Euro; debt trap; revival of European competitiveness; economic growth of the U.S.A; stagnation of China; salvation of Eurozone; new union of European bank

Summary/Abstract: Europe is on the verge of an abyss. Being burdeneed with problems of inequality between the north and south in the Eurozone, it seems that she does not have a way out from the trap into which she got herself. Her great economic inequalities in certain states had created great political ineuqalities which then generated the economic inequalities. Such unnatural state of affairs in the European Union has slowed down further development of the region and put into risk Western Balkan's prosperity and even survival of the Eurozone. If this unnatural state of affairs continues, Europe will find herself in a long-term state of economic stagnation or even something much worse. The European Union is not a state, a strong system and instead of it it consists of various separate systems and so she might be less resistant to internal and external factors. A biggest threat for the European Union is a deflatory trap of debt which threatens to destroy this still uncomplitely established political union. Currently there has been a dark shadow leaning over the biggest peaceful project in history of human mankind. Objective of author of this paper is to present a research on dimensions of the crisis in the world and on possibilities of the salvation of the European project based on principles and values of identity of the European Union.

  • Issue Year: 2012
  • Issue No: 3
  • Page Range: 41-60
  • Page Count: 20
  • Language: Serbian