The Greek Crisis and the Generalization of Euro in European Union

Octavian Perpelea and Tatiana Paun
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Octavian Perpelea: University of Craiova Faculty of Economics and Business Administration
Tatiana Paun: University of Craiova Faculty of Economics and Business Administration

Finante - provocarile viitorului (Finance - Challenges of the Future), 2015, vol. 1, issue 17, 103-112

Abstract: In December 1991 the question of a single European currency is born, perhaps the most powerful glue of a united Europe. It might sound weird, the Greek crisis finds its root causes in ambiguity and inconsistency that treaty and, in the depths of contemporary history, the decision by Churchill and Stalin to bring Greece, East-European with the most powerful communist movement in the area, under the Western sphere of influence. So it is that Greece, after has experienced extreme political (kingdom, civil war, republic, military dictatorship) and strong passions left, is admitted in 1981, the EEC “(...) treated recklessly and tolerant European partners who did not exercise any control over them, nor have forced on performance targets.” So, ideal conditions for real “debauchery” that this country financially practiced under the nose of the EU, especially after entering the euro zone. As a result, the global crisis was “the occasion and not the cause” of the crisis and it finds its roots in Greek behaviour – governments and the public alike. The rational “solutions” are actually are... is only one – agreement with the EU because GREXIT, although possible, is ...inconceivable.

Keywords: crisis; Greece; GREXIT; memorandum; agreement; history; communism; leftist party; euro zone; Euro; tax evasion; loan; budget; debt; failure (search for similar items in EconPapers)
JEL-codes: G00 G10 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:aio:fpvfcf:v:1:y:2015:i:17:p:103-112

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