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EU Enlargement and Financial Crisis

Author

Listed:
  • Jana Ilieva
  • Aleksandar Dashtevski
  • Natasha Ristovska

Abstract

The global economy faced a financial crisis involving banking systems, stock markets and the credit flow. Seeking common strategies to solve the difficulties, European institutions coordinated national responses and made recommendations to improve the financial system. European leaders have defined a common approach for restoring confidence in the financial industry and preserving economic growth. The reform was “all-encompassing” and included more international supervision to ensure transparency and accountability. EU enlargement is not officially connected with the crises so the stopping of the enlargement process and introducing new barriers in Europe is not an option. In this paper the analyzis is maderding to the data and situations noted in the European commission report. The split interests and objections for further enlargement in the member states, such as France and German are interpreted as well. Research analyzis shows that EU the candidate countries have progression in economic growth in the time of the financial crisis which is not case with some of the EU member states. Therefore, EU enlargement should continue as important policy that will ensure prosperity in Europe.

Suggested Citation

  • Jana Ilieva & Aleksandar Dashtevski & Natasha Ristovska, 2017. "EU Enlargement and Financial Crisis," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 7(1), pages 153-163, January.
    • Handle: RePEc:hur:ijarbs:v:7:y:2017:i:1:p:153-163
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    References listed on IDEAS

    as
    1. S. Cem Karaman & Nurettin Can, 2014. "The Effects of World Financial Integration on Financing Current Account Deficits: The Case for Turkey," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 4(10), pages 144-157, October.
    2. Susan Glanz, 2006. "Managing European Union Enlargement," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 48(4), pages 717-718, December.
    3. Jovanović, Miroslav N. & Damnjanović, Jelena, 2014. "EU Eastern Enlargement: Economic Effects on New Members 2000~2012," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 29, pages 210-243.
    4. Sara Koczkas, 2015. "Effectiveness of International Bailouts in the EU during the Financial Crisis – A Comparative Analysis," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 5(11), pages 351-369, November.
    5. Davide VITTORI, 2013. "A political crisis in an economic tempest (January 2008 – December 2012)," Eastern Journal of European Studies, Centre for European Studies, Alexandru Ioan Cuza University, vol. 4, pages 105-126, June.
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