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From Financial Crisis to Euro Crisis or the Aftermath of a Prolonged Recession

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  • Popovici Veronica

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

Abstract

In this paper we analyse what caused the financial crisis of 2008-2009, how its aftermath lead, indirectly and among others, to a recently escalated crisis in the Euro zone and which would be the effects and solutions of this new economic reality. We must admit the fact that, economically speaking, we live in a world of major unbalances, affecting the capacity of global financial markets to sustainably recover from such a strong challenge as the one posed by the past few years. Moreover, it seems like the Euro zone experiment was not such a wise idea after all, with its possible disintegration bringing a whole new twist to the ongoing financial crisis and our viable options to overcome it. Our aim to determine the correlations between these major economic phenomena and this way to hopefully render possible solutions in a clearer light.

Suggested Citation

  • Popovici Veronica, 2011. "From Financial Crisis to Euro Crisis or the Aftermath of a Prolonged Recession," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 1104-1108, May.
    • Handle: RePEc:ovi:oviste:v:xi:y:2011:i:9:p:1104-1108
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    More about this item

    Keywords

    financial crisis; Euro zone crisis; global economic uncertainty;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises

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