UDC 338.124.4(4)
Biblid: 1451-3188, 13 (2014)
Vol. 14, No 47-48, pp. 92-121

Оriginal article
Received: 13 Mar 2023
Accepted: 13 Mar 2023


Antevski Miroslav (Виши научни сарадник, Институт за међународну политику и привреду, Београд), miroslavbgd@gmail.com
Rapaić Stevan

The authors analyse the mechanisms and consequences of the Eurozone crisis. The financial crisis has spilled over from the U.S.A. to Europe. In addition, the Eurozone had their own generators of crisis and they are as follows: huge indebtedness of some member states, intra-European trade imbalances, inconsistency of the central monetary policy and decentralized fiscal policies, deregulated financial markets and poor risk management of the banking sector. The anti-crisis mechanism is based on strict savings, which adversely affects the launch of a new investment cycle and sustainable economic growth. The Eurozone crisis has led to a decline in the degree of political unity in the European Union and the division between the creditor and debtor countries.

Keywords: Eurozone, crisis, integration