Economics, Econometrics and Finance
5 years ago

European Debt Crisis Looms: Unemployment Soars, Growth Stagnates, and Debt Mounts

Cambridge University Press eBooks
The Future of the European Economic and Monetary Union
Matthias Ruffert

Paper Summary

Related papers

Theme background image
Social Sciences
4 years ago

Eurozone debt crisis sparks major economic reforms with global implications.

East Asian States
Economics, Econometrics and Finance
4 years ago

Eurozone Crisis Exacerbated by Political Factors, Threatening Economic Stability.

Economic Innovation
Economic Recovery
Economics, Econometrics and Finance
4 years ago

Single Market Rules Fuel Eurozone Divergence, Deepening Debt Crisis

International Finance
Fiscal Policy
Regional Development

The European Economic and Monetary Union is facing ongoing state debt crises, with countries like Greece and Italy struggling with high debt levels and low economic growth. Germany has low unemployment, but the overall Eurozone unemployment rate is high, especially in countries like Italy, France, and Spain. The debt burden on countries like Greece is significant, with long repayment terms.