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The Eurozone Crisis: More Than a Spillover

In: Globalization and Sustainable Economic Development

Author

Listed:
  • Piya Mahtaney

Abstract

As elucidated in the previous chapter, the origin of the financial meltdown that occurred in 2008 was the US economy. Having said that, the underpinnings of the present slowdown, uncertainty, and even tumult at times that continue in the Eurozone are the result of unaddressed imperatives that existed for years preceding the crisis. Notably the crisis has exacerbated vulnerabilities of certain European nations; however, it did not cause the basic structural deficiencies in these economies be it those of Greece, Portugal, Italy, Spain, or Ireland.

Suggested Citation

  • Piya Mahtaney, 2013. "The Eurozone Crisis: More Than a Spillover," Palgrave Macmillan Books, in: Globalization and Sustainable Economic Development, chapter 3, pages 41-53, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-02499-2_4
    DOI: 10.1057/9781137024992_4
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