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Greece and the Euro Area Economy. The End or the Beginning of a New European Economic Approach?

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  • Romeo Ionescu

    (Danubius University of Galati, Faculty of Economics)

Abstract

The paper is focused on the crisis’impact of the Greek economy and its effects across the EU27. Our approach is different and it is not founded in other researches in this topic area. The approach is based on the comparative analysis between the main economic indicators in the Greek and in the EU27 economies. The survey uses the latest official statistical data. An interesting result of the analysis it that to declare that is time to replace Greece, as worst European economy, to other national economies. Moreover, we think that the regional and global political games are more important than the economic performances, nowadays. This is why Greece, a small economy, has to face the impacts of these games, in order to satisfy the need of new power balance of the great economies. And Greece was just the beginning of this process, which will cover at least all little economies in the EU27.

Suggested Citation

  • Romeo Ionescu, 2012. "Greece and the Euro Area Economy. The End or the Beginning of a New European Economic Approach?," EuroEconomica, Danubius University of Galati, issue 3(31), pages 20-25, August.
    • Handle: RePEc:dug:journl:y:2012:i:3:p:20-25
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    File URL: http://journals.univ-danubius.ro/index.php/euroeconomica/article/view/1397/1292
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    References listed on IDEAS

    as
    1. Giancarlo Corsetti & Keith Kuester & André Meier & Gernot J. Müller, 2013. "Sovereign Risk, Fiscal Policy, and Macroeconomic Stability," Economic Journal, Royal Economic Society, vol. 0, pages 99-132, February.
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