Charles Explorer logo
🇬🇧

The economic crises 2008-2009 : impacts on economies of the EU

Publication at Faculty of Social Sciences |
2010

Abstract

The current global crisis wasn't a bolt from the blue; tumultuous world market trends of the last two decades were potentially heading to a situation, in which most of the economics involved in the international financial and trade flows would have been endangered almost at one dash. In Europe, there has been a combination of a too early recession and some concrete symptoms of the financial crisis, caused by the interconnection between world finance markets, raised by new technologies of the financial sector.

Secondly, it were politic conditions of preparations for European Parliamentary and Commissional elections, which contributed to the depression in the EU - it led to a political corruption and a reluctance against a penetrative solution.