Default of Greece: causes of the crisis and its consequences for European Union

Authors

  • Maryna Delini Донецький державний університет управління, Ukraine
  • Olga Krycyna Донецький державний університет управління, Ukraine

DOI:

https://doi.org/10.21847/1728-9343.2012.3(117).16441

Keywords:

crisis, default, Greece, European Union, competitiveness, investment attractiveness

Abstract

The article discloses current state of Greek economy with a reference to its level of competitiveness, investment climate, and influence of the international organization and separate countries on Greek policy of tackling the crisis. It is displayed that dashing fall of country's development indicators (as well as in some other countries of the EU) is conditioned by low efficiency of controlling mechanisms within the EU. This paper also determines the interconnection between all countries of the European Union, countries of Asian and Pacific region and China, which might suffer due to the problems of regional disparity in the EU.

Author Biography

Maryna Delini, Донецький державний університет управління

кандидат економічних наук, доцент

References

Колташов В. Кризис глобальной экономики / В. Колтшов, ИГСО [Електронний ресурс]. - Режим доступу : http://rutracker.org/forum/ viewtopic.php?t=2356224.

Bremmer I. Every Nation for Itself: Winners and Losers in a G-Zero World / I. Bremmer. - New York : Portfolio, May 2012; The J Curve: A New Way to Understand Why Nations Rise and Fall / I. Bremmer. - Simon & Schuster, 2006; revised paperback, 2007.

Global competitiveness report 2011-2012 [Електронний ресурс]. - Режим доступу : http://www3.weforum.org/docs/WEF_GCR_Report _2011-12.pdf.

Perspectives 2010-2011 pour l'еconomie europеenne // Rev. de l ; OFCE. - P., 2010. - № 113. [Електронний ресурс]. - Режим доступу : http://www.ofce.sciences-po.fr/pdf/documents/prev-euro221010.pdf.

Greece Country Report [Електронний ресурс]. - Режим доступу : http://www.gfmag.com/gdp-data-country-reports/266-greece-gdp-country-report.html#axzz1vwNzG3bt.

OECD Economic Survey. Greece [Електронний ресурс]. - Режим доступу : http://www.oecd.org/dataoecd/21/63/484625 69.pdf.

Foreign direct investment statistics [Електронний ресурс]. - Режим доступу : http://www.oecd.org/document/8/0,3746, en_2649_33763_4093 0184_1_1_1_1,00.html.

Downloads

Published

2013-08-20

How to Cite

Delini, M., & Krycyna, O. (2013). Default of Greece: causes of the crisis and its consequences for European Union. Skhid, (3(117), 25–28. https://doi.org/10.21847/1728-9343.2012.3(117).16441

Issue

No. 3(117) (2012)

Section

Economy

License

Copyright (c) 2013 Maryna Delini, Olga Krycyna

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

1. Authors bear responsibility for the accuracy of facts, quotations, numbers and names used.

2. Manuscripts are not sent back.

3. The publisher does not always agree with the authors' opinion.

4. The authors reserve the right to authorship of the work and pass the first publication right of this work to the journal under the terms of a Creative Commons Attribution Non-Commercial License, which allows others to freely distribute the published research with the obligatory reference to the authors of the original work and the first publication of the work in this journal.

5. The authors have the right to conclude separate supplement agreements that relate to non-exclusive work distribution in the form in which it has been published by the journal (for example, to upload the work to the online storage of the journal or publish it as part of a monograph), provided that the reference to the first publication of the work in this journal is included.