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Economic Crisis in Mediterranean Partner Countries and Its Implications for the European Union

Author

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  • Ploae Victor

    („Ovidius” University of Constanta, Faculty of Economic Sciences)

Abstract

Today’s world crisis is different from previous crises in that it is directly systemic. Its effects are being exacerbated by expectations, and nobody today can say how the expectations of Mediterranean Partner Countries (MPC) consumers and investors will change. How the material and human system of interdependence between the EU and the MPCs will respond is also unforeseeable. What about exports in relation to the shock of external demand? And ultimately, how will these events, leading to a drop in forecast growth every two months, affect reserves, monetary and budgetary balances and employment?

Suggested Citation

  • Ploae Victor, 2010. "Economic Crisis in Mediterranean Partner Countries and Its Implications for the European Union," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 647-651, October.
    • Handle: RePEc:ovi:oviste:v:10:y:2010:i:2:p:647-651
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    More about this item

    Keywords

    Economic recession; European Union; Mediterranean Partner Countries; Trade.;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration

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