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Looking Beyond The Crisis. Lessons From The European Economic Decline

Author

Listed:
  • Larisa LUCHIAN

    (Alexandru Ioan Cuza University of Iasi, Romania)

  • Raluca Gabriela DULGHERIU

    (Alexandru Ioan Cuza University of Iasi, Romania)

Abstract

This paper gives an overview on the deepest EU’s recession since the 1930s. The purpose of this study is to analyze the main macroeconomic indicators and their domino effect, in times of crisis. The abrupt downturn of the EU economy wasn’t entirely an unpredicted event. This is why the impact of the macroeconomic instability should never be underestimated in the future. Prevention, control and resolution represent elementary lessons from the way the current economic crisis has been handled. The analysis, added to the disruptions caused by the economic crisis, shows that the recession continues to weigh on the perspectives and solutions of the macroeconomic stability.

Suggested Citation

  • Larisa LUCHIAN & Raluca Gabriela DULGHERIU, 2014. "Looking Beyond The Crisis. Lessons From The European Economic Decline," EURINT, Centre for European Studies, Alexandru Ioan Cuza University, vol. 1, pages 158-168.
    • Handle: RePEc:jes:eurint:y:2014:v:1:p:158-168
    as

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    References listed on IDEAS

    as
    1. Carmen M. Reinhart & Kenneth S. Rogoff, 2009. "Varieties of Crises and Their Dates," Introductory Chapters, in: This Time Is Different: Eight Centuries of Financial Folly, Princeton University Press.
    2. Hossein Kazemi & Niloufer Sohrabji, 2012. "Contagion in Europe: Examining the PIIGS Crisis," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 18(4), pages 455-456, November.
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