IDEAS home Printed from
   My bibliography  Save this article

America’s Economic Crisis and Europe’s Hamletian Dilemma


  • Loredana RADU

    () (College of Communication and Public Relations, National University of Political Studies and Public Administration, Romania)


The current paper aims to present briefly, yet clearly, the key developments of the complex phenomenon that is usually labeled as the ”global economic crisis”. Furthermore, the paper reveals some of the contagion mechanisms that transformed the American banking crisis into “Europe’s existential crisis”. The paper builds on a general consent that seems to be emerging among scholars and politicians – “the crisis in Europe is existential. It is a question of whether the EU survives as a recognizable entity.” (Giddens, 2012). We totally agree with the fact that the American crisis and the European crisis could (and should) be now treated as two separate realities. However, these realities have emerged from the same root cause, which means that in order to understand why Europe is now struggling with its Hamletian dilemma, one should first take a close look behind the scenes of global economy.

Suggested Citation

  • Loredana RADU, 2013. "America’s Economic Crisis and Europe’s Hamletian Dilemma," Management Dynamics in the Knowledge Economy Journal, College of Management, National University of Political Studies and Public Administration, vol. 1(1), pages 143-156, May.
  • Handle: RePEc:nup:jrmdke:v:1:y:2013:i:1:p:143-156

    Download full text from publisher

    File URL:
    Download Restriction: no

    File URL:
    Download Restriction: no

    References listed on IDEAS

    1. Ronald Schettkat, 2010. "Something unforeseeable happened? Natural rate theory and economic crisis," Intereconomics: Review of European Economic Policy, Springer;German National Library of Economics;Centre for European Policy Studies (CEPS), vol. 45(5), pages 297-304, September.
    2. Joseph E Stiglitz, 2009. "The Current Economic Crisis and Lessons for Economic Theory," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 35(3), pages 281-296.
    Full references (including those not matched with items on IDEAS)

    More about this item


    banking crisis; European Union; solidarity;


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nup:jrmdke:v:1:y:2013:i:1:p:143-156. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Cristian-Mihai VIDU). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.