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Last tango in the Euro Area: Cracks in foundations of the Euro construct

Author(s): Radonjić Ognjen | Zec Miodrag

Journal: Sociologija
ISSN 0038-0318

Volume: 55;
Issue: 1;
Start page: 1;
Date: 2013;
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Keywords: Euro Area | euro | crisis | deficit | debts

The crisis of sovereign debt and banking system in the Euro Area seriously endanger not only economic stability of the Old continent, but also of the world economy as a whole. In this study, we identify causes of the crisis and point towards plausible solutions aiming at a provisional overcoming of the recession. If, on the other hand, central European countries continue to insist on further implementation of deflationary oriented economic measures in peripheral European economies the break-up of the Euro Area is likely. Final, potentially devastating consequences of this possible grim event are at this moment very hard to predict. [Projekat Ministarstva nauke Republike SRbije, br. 179035]
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