Crisis in the Eurozone: Austerity and Economic Transformation

2017 ◽  
Vol 49 (3) ◽  
pp. 394-409 ◽  
Author(s):  
Davide Gualerzi

The paper presents an interpretation of austerity that sheds light on the crisis in the Eurozone. It argues that austerity is a long-term policy rather than an ill-conceived short-term remedy. To go beyond the by now familiar criticisms of austerity, we need to examine the crisis in its totality. Especially important are the impediments to a strong recovery driven by market incentives. This might ultimately undermine the very existence of the common currency and the future of the European Union. JEL Classification: E2, O4, B5.

Author(s):  
Carlota Rigotti ◽  
Júlia Zomignani Barboza

Abstract The return of foreign fighters and their families to the European Union has mostly been considered a security threat by member States, which consequently adopt repressive measures aimed at providing an immediate, short-term response to this perceived threat. In addition to this strong-arm approach, reintegration strategies have also been used to prevent returnees from falling back into terrorism and to break down barriers of hostility between citizens in the long term. Amidst these different strategies, this paper seeks to identify which methods are most desirable for handling returnees.


e-Finanse ◽  
2019 ◽  
Vol 15 (1) ◽  
pp. 30-44
Author(s):  
Mateusz Mierzejewski ◽  
Karolina Palimąka

AbstractIn recent years, research on the synchronization of business cycles in economies has been undertaken more than once. This is a desirable phenomenon especially for the European Union. The aim of the article is to verify selected macroeconomic indicators that characterize the economies of countries belonging to the European Union in relation to Poland, thus presenting convergence of dynamic cycles of changes in socio-economic sphere indicators: inflation rate, unemployment rate, short-term interest rates, and GDP. For this purpose, a cross-spectral analysis was used which allows us to show the occurring fluctuations of different lengths, as well as to compare the strength of the relation of changes between selected indicators. According to the conducted analyses, it was noted that the Polish economy (in the perspective of long-term changes) is a determinant of changes for highly developed countries.


2018 ◽  
Vol 212 ◽  
pp. 08008
Author(s):  
Igor Anokhov

The paper is devoted to the search for a way of development of the construction industry by the deposits in banks. The analysis of the eurozone statistics has shown that most of the deposits are short-term ones. In addition, loans for the purchase of housing and loans to non-financial corporations are issued mainly for up to one year. This constrains the demand for housing and construction projects, limits the opportunities for long-term crediting construction companies, and also causes Juglar’s economic cycles. In this regard, measures are needed to make the financial plans of all stakeholders on the construction market lengthier. The author proposes to create the targeted deposits in banks under collateral in the form of buildings, structures, and infrastructure facilities. This will increase the propensity to save and invest free money in the construction industry.


It has been two years since the European migrant crisis. In autumn 2015, Europe was flooded by a refugee wave that people neither expected nor imagined. It was a surprise in every way. Modern technology, reputable institutions, and leading global experts from different fields did not anticipate what happened. The European legal order, human rights, the Schengen regime, and the ideas of the West dissolved quickly and left people faced with a naked reality. Where are the refugees now, how many are there, and how do they feel? How did the refugee crisis affect the national security system and the common European defence and security policy? The media rarely reports on this now, two years later. Instead, there is much talk of terrorist attacks in European cities, the UK’s exit from the European Union, the US President, Donald Trump, and the Korean rockets that ruffle the Japanese sea. Years ago, Samuel P. Huntington wrote a book The Clash of Civilizations. It was published in Slovenia in 2005. His assumption was that the main reason for the clash of nations in the future would be their cultural and religious identity. He predicted that the greatest threat would be extreme terrorism. Different ideologies would be replaced by self-oriented individuals, who would no longer be concerned about the common good, but focused on themselves and their benefits. The absence of ideologies would be replaced by a return to ancient traditions. Responses to Huntington's work were very different; some were enthusiastic, others sceptical. We can, however, conclude that his theory, first presented in 1992, was confirmed in the case of the war in the Western Balkans. When the ideology of former Yugoslavia died, the nations and nationalities returned to their roots, which resulted in a war that claimed the lives of many people. Robert D. Kaplan also wrote about the fact that the Western Balkans is a crossroads of different cultures. The most famous of his works is Balkan Ghosts, in which Kaplan examines in detail the historical and cultural turbulence in the immediate neighbourhood of the cradle of Western civilization, which has been the driving force behind the development of the West for the past two thousand years. This issue of Contemporary Military Challenges is therefore interested in what is new on the Old Continent, emphasizing security, defence and the military. In his article Geostrategic Shifts in Contemporary Europe, Uroš Tovornik examines the geostrategic significance of the relationships between France, Germany and the United Kingdom, the countries that shaped the fate of Europe in the past. With the UK's decision to leave the European Union, the former classic geostrategic triangle can now turn into other decisive geostrategic links which could greatly change the Old Continent. József Kis Benedek writes about the consequences of events in North Africa and the Middle East. In the recent past, some authors have wondered whether the Arab Spring would be followed by Arab Winter; however, what followed was the European migrant crisis and the escalation of terrorist attacks in Europe. In his article Challenges Posed to the European Union by the Iraqi, Syrian and Libyan Crises, the author focuses on the participation of foreign fighters in crisis areas, coming from Europe to aid. Economic Intelligence: an Inevitable Choice is the title of an article written by Laris Gaiser. It stresses the urgent need for Slovenia to devote greater attention to this area in order to ensure greater benefits for its citizens. Slovenia has come a long way since 1991, but modern security guidelines stipulate that, besides classic tasks in the intelligence and security field, economic intelligence is also important. What is the situation in Slovenia and what else should we do? For several years, the Slovenian Armed Forces have been involved in the international operation and mission in Bosnia and Herzegovina. Slovenia is accompanied by many other European Union member states, ensuring peace and order in the country. How long will this go on, and how successful are the international security forces in the area? It is this and some other questions that the authors Ivana Boštjančič Pulko, Johanna Suhonen and Kari Sainio try to answer in the article Assessing the Planning and Implementation of the EU Missions and Operations: Case Study of EUFOR Althea in Bosnia and Herzegovina. Cybernetics, cyberspace and cyber attacks are commonly known terms of which much has been heard and read about recently. How well do we really know these terms? Is there a legal basis at the national level and how is this field regulated in the international environment? This is a challenge requiring strategic and concrete answers. One of the possible answers can be found in the article Legality of Low-Intensity Cyber Operations under International Law by Pika Šarf. Military aviation is an integral part of the modern armed forces. Slovenian military aviation is relatively young and has, in its short history, experienced several development phases, both in the field of aeronautics and in the organizational military sense. The quality of cooperation of Slovenian military pilots in international operations, missions, and international military exercises testifies that we are on the right track. But how to proceed? In his article, Characteristics of the Slovenian Armed Forces Air Force: Now and 20 Years in the future, the author Mitja Lipovšek refers to the idea that history is a debate of the past with the present for the future. We wish you an interesting read, and invite you to also participate as authors of articles.


Geografie ◽  
2001 ◽  
Vol 106 (4) ◽  
pp. 270-279
Author(s):  
Jaroslav Dokoupil

The article presents the development of the Czech-Bavarian borderland as a comparison of the preliminary results of the 2001 people, flats and houses census with the 1991 one. The mentioned comparison shows a certain revival in the West Bohemia borderland. Short-term features based on substantial changes of the situation are still prevailing within this revival. From the long-term point of view and in connection with the Czech Republic's preparation for the entry to the European Union, the development of the borderland region is not sufficient.


2019 ◽  
Vol 2 (1) ◽  
pp. 536-547 ◽  
Author(s):  
Agnieszka Janik ◽  
Marek Szafraniec

Abstract The transition from the linear model to the circular economy (CE) model is not an easy task and it requires constant monitoring of the achieved effects. Taking this fact into consideration, in January 2018 the European Union (EU) set 10 indicators to monitor and evaluate the main elements of the circular economy in the EU and its Member States. The list of indicators is short and it is based on the use of current available data. The monitoring results are intended to constitute the basis for setting new priorities towards the long-term goal of the circular economy. In case of companies there is still no framework for monitoring the effects of circular economy at micro level. In practice, various indicators for circularity assessment at micro level are available, but each of the indicators evaluates the complexity of circular economy to different extent. For this reason, there is a need to create a framework for monitoring the circular economy at company level, which would also be based on information already collected by the companies for the preparation of various environmental reports. Therefore, this article presents the results of review 66 environmental statements, which are prepared and updated annually by organizations participating in the Eco-Management and Audit Scheme (EMAS) system in Poland. On this basis, it was determined what circular economy information are already collected and reported by the companies and which information can be included in the framework of circular economy monitoring at company level in the future.


Author(s):  
Erika Quendler ◽  
Christina Mayer ◽  
Karl Michael Ortner

After joining the European Union (EU) in 1995 Austria adopted the Common Agricultural Policy (CAP). This chapter reviews the changes in agricultural production and the economic situation of agriculture since the accession to the EU. The analysis is primarily based on macro-economic data from the Economic Accounts for Agriculture (EAA) over the period between 1995 and 2014. Select examples identify the developments applicable for Austria – also in comparison to other EU countries and groups of countries as well as to Switzerland. Expectations and forecasts regarding the consequences of integration, e.g. changes in the price levels, have been more or less fulfilled but there is a need for further research on the development of regions and on special issues such as the resilience of Austrian agriculture.


2014 ◽  
Vol 9 (3) ◽  
pp. 225-235
Author(s):  
Waldemar Kozłowski ◽  
Ukilyay Kerimova ◽  
Saule Yessengaziyeva ◽  
Gaukhar Rakhimzhanova

The article discusses the issues of creating a common economic zone with the countries of the Common Economic Space by comparing this economic area to the area of the European Union. Analysis of contracts for its establishment is for consideration, as well as the pluses and minus of the implementation of the grant agreement on the CES industrial countries. A comparison of these two economic zones with similar economic problems will enable the future of their cooperation. 


2019 ◽  
Vol 3 ◽  
pp. 239920261985685 ◽  
Author(s):  
Domenico Di Giorgio ◽  
Giuseppe Scrofina ◽  
Barbara Scognamiglio ◽  
Nadia Di Carluccio ◽  
Romina Tulimiero ◽  
...  

Availability of human medicines is affected by problems associated with both manufacturing and distribution-related issues. The lack of definition of “shortages” or “unavailability” of medicines in European regulation represents an obstacle to the set up of proper preventive and counteracting measures. In this review, we describe how, within this framework, Italy started a program of shared activities, involving central and local authorities, police forces, and private stakeholders’ associations through an “ ad hoc technical forum,” that reduced the extent of the problem, at least in the short term, as demonstrated through some indicators defined by considering the key medicines affected by unavailability due to distribution-related issues. These measures should be strengthened and complemented with others so as to ensure their effectiveness in the long term.


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