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GLOBAL FINANCIAL AND ECONOMIC CRISIS AND THE EURO CRISIS THAT IS NOT ONLY THE PROBLEM OF THE SOUTH OF THE EUROZONE

Open Panel

Abstract

The paper deals with some experiences as gathered from our research in the area of the European Integration within the EU in general and with the current handling of the ongoing global economic and financial crisis in particular That in addition to various other negative impacts on the Internal market of the EU has brought with itself also a direct thread to the very existence of its common currency Euro. The paper in more details presents some of the main reasons for these negative development and impact on Euro as well as analyses of the reactions and measures as taken by the EU institutions in order to save its common currency from a total collapse and/or its splitting into two “sub-currencies” as a stronger north and weaker south Euro currencies and/orEuro sub-zones. But the Eurozone crisis is definitely not only a problem of its Southern sub-zone.