Preliminary communication
https://doi.org/10.32728/ric.2015.11/4
CAUSES AND MEASURES FOR PREVENTING FUTURE CRISIS IN EU
Siniša Višnjički
; PhD student, Juraj Dobrila University of Pula, Faculty of economics and tourism
Jurica Bosna
; Associate Professor, University of Zadar, Department of Economics
Abstract
Authors summarized major causes of current financial crisis in EU on global and regional (European) level. On a global level these are credit rating agencies and compensations of CEO directors in financial sector. On regional level these are structural imbalance, increasing debts of EU countries, foreign trade imbalance among EU countries and loss of confidence in debt of EU countries. Measures for preventing future crises in EU according to the authors are improved debt management, application of Keynesian ideas for overcoming the crisis, reform of the criteria for entering the Eurozone, creation of a fiscal union, exit of the PIIGS countries from the Eurozone, taxation of the financial sector and creation of a banking union.
Keywords
Global financial crisis; financial crisis in EU; causes of crisis; prevention of crisis in EU
Hrčak ID:
155595
URI
Publication date:
25.11.2015.
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