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Consequences of South European Debt Crisis

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Rubric: Academic Council of IMEMO
DOI: 10.20542/0131-2227-2013-3-3-12
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Abstract. Debt crisis in South European region turned out to be the focal point of the European debt crisis. It made explicit fundamental disproportions in the development of the Eurozone, in particular strict division between the Center and the Periphery. After joining to the Eurozone South European countries faced further deterioration of their positions in the global markets and fixing of an unfavorable type of their international specialization. Such situation can be seen most evidently in the case of Greece.

Keywords: Eurozone, Euro, European debt crisis, state debt, budgetary deficit, Greece, Italy, Spain


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For citation:
Consequences of South European Debt Crisis. World Eсonomy and International Relations, 2013, no. 3, pp. 3-12. https://doi.org/10.20542/0131-2227-2013-3-3-12

Contents World Eсonomy and International Relations. 2013, no. 3

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