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intensification of the euro area crisis in the summer and fall of 2011, these events weakened the banking system which was vulnerable … due to its exposure in Greece. Rather than deal with its ?scal crisis, the government secured a loan from the Russian … the February 2013 election. The strategy succeeded in delaying resolution of the crisis and avoiding short-term political …
Persistent link: https://www.econbiz.de/10010400778
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" the institutional failures on which the Euro and the Eurozone are built, strengthens them and further weakens the … construction on which the European member states operate. In this sense, the Treaty explains why the crisis in Europe is so deep … and persistent, and why the member states of the Eurozone are having such difficulty in returning to a path of balance and …
Persistent link: https://www.econbiz.de/10010459672
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distance, trade, and finance to the US subprime mortgage and Eurozone debt crisis areas. To understand the causes of the cross … near to and far from the crisis areas. Using these calibrations, disturbances on the order of those observed during the …
Persistent link: https://www.econbiz.de/10011975657
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This article contains a brief review of the main causes of the current crisis and concerns strategies of market … following the specific neoliberal recommendations to surmount the economic crisis. Together with weak economic performance and … social crisis with colossal humanitarian impacts; it is economically a fiasco and has increased the public debt to unbearable …
Persistent link: https://www.econbiz.de/10011867969
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This paper analyses the EU's response to the Eurozone sovereign debt crisis. It examines the background to the crisis … inside and outside the Eurozone. Consequently, the paper concludes that these fault lines will characterize the future of …
Persistent link: https://www.econbiz.de/10009788040