COVID-19 CRISIS - A TEST FOR EUROPEAN UNION`S SOLIDARITY

Cristina Elena Popa
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Cristina Elena Popa: Lucian Blaga University of Sibiu, Romania

Studies in Business and Economics, 2020, vol. 15, issue 3, 105-113

Abstract: The crises the European Union has gone through over time have called into question the Union's legitimacy and efficiency. The 2008-2009 financial crisis, the European debt crisis, the migration crisis and Brexit, have all tested the solidarity between member states. The COVID-19 pandemic is without a doubt the most drastic crisis in the EU's history, with very severe socio-economic consequences. The EU leaders were strongly criticized for not reacting quickly and efficiently enough to mitigate the impact of the virus, reduce suffering, and ward off the economic crisis. In this context, the questions that arise are: Is the Union a modern-day Titanic? Will it sink or it will sustain its legitimacy and come out stronger and more united from this unprecedented challenge?

Keywords: COVID-19 crisis; solidarity; European Union (search for similar items in EconPapers)
Date: 2020
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