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Europe in Crisis: More Political Integration in the Eurozone is the Solution

In: Europe and the Financial Crisis

Author

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  • Teodoro Dario Togati

Abstract

There is no doubt that the world economy has recently faced one of the worst global crises since the Great Depression. It is also quite indisputable that Europe is one of the worst affected areas. Not only do European growth rates tend to be lower than those of the US or emerging economies, but also even the existence of the Eurozone is at risk. The sovereign debt of various European countries, such as Greece and Spain, has come under massive speculative attack on financial markets, despite the fact that other countries are even more indebted. For this reason, several euro members have approved various austerity plans that threaten a double-dip scenario.

Suggested Citation

  • Teodoro Dario Togati, 2011. "Europe in Crisis: More Political Integration in the Eurozone is the Solution," Palgrave Macmillan Books, in: Pompeo Posta & Leila Simona Talani (ed.), Europe and the Financial Crisis, chapter 5, pages 91-105, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-30500-7_6
    DOI: 10.1057/9780230305007_6
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    Cited by:

    1. Andreea IANCU, 2014. "(Re)Building The European Union`S International Role Through Human Security Strategy In The Aftremaths Of The European Crisis," EURINT, Centre for European Studies, Alexandru Ioan Cuza University, vol. 1, pages 126-140.

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