UDC 338.124.4(4)
Biblid: 1451-3188, 12 (2013)
Vol. 13, No 43-44, pp. 165-178

Оriginal article
Received: 01 Jan 1970
Accepted: 01 Jan 1970


Radičić Dragana (Erste bank a.d. Нови Сад), radicic.dragana@yahoo.com

Eurozone debt crisis remains the biggest threat to the global recovery. Over the last few months, important and unprecedented steps were taken in order to quell the crisis, providing much-needed assistance to the financial markets. Problems on the periphery of the eurozone, combined with effects of low growth, high interest rates, fiscal imbalances and financial pressures – are still very prominent. Restoring fiscal and financial sustainability as well as devising appropriate strategies for overcoming the crisis, despite the unfavorable economic environment, is a major challenge that requires time.

Keywords: Eurozone, sovereign debt crisis, fiscal discipline, financial sector, reforms