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Europe Beyond the EuroThe EU in a Dangerous World: The Importance of Regional Economic Arrangements

Europe Beyond the Euro: The EU in a Dangerous World: The Importance of Regional Economic... [This chapter highlights the various crises facing Europe, and in many regards the world, at this time. It shows how the Global Financial Crisis (GFC) and the subsequent Euro crisis had major negative economic effects on almost all EU member states, from which most took many years to recover, and some had not done so by the time the next crisis hit. Also, the convergence process—central to the EU’s vision—reversed for many poorer member states. The Covid-19 pandemic has had an even stronger negative effect on EU economies, and some important effects—including on the financial sector—have so far been hidden because of governments’ short-term support. Individual countries are on their own not able to handle such crises effectively; on the other side, cooperation at a global level can be problematic. This leaves regional institutions such as the EU with a central role.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Europe Beyond the EuroThe EU in a Dangerous World: The Importance of Regional Economic Arrangements

Part of the St Antony's Series Book Series
Enoch, Charles
Europe Beyond the Euro — Sep 25, 2021
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18 pages

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References (8)

Publisher
Springer International Publishing
Copyright
© The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2021
ISBN
978-3-030-77114-0
Pages
13 –31
DOI
10.1007/978-3-030-77115-7_2
Publisher site
See Chapter on Publisher Site

Abstract

[This chapter highlights the various crises facing Europe, and in many regards the world, at this time. It shows how the Global Financial Crisis (GFC) and the subsequent Euro crisis had major negative economic effects on almost all EU member states, from which most took many years to recover, and some had not done so by the time the next crisis hit. Also, the convergence process—central to the EU’s vision—reversed for many poorer member states. The Covid-19 pandemic has had an even stronger negative effect on EU economies, and some important effects—including on the financial sector—have so far been hidden because of governments’ short-term support. Individual countries are on their own not able to handle such crises effectively; on the other side, cooperation at a global level can be problematic. This leaves regional institutions such as the EU with a central role.]

Published: Sep 25, 2021

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