In order to achieve a balanced development across the Eurozone, there should be a combination of centralized control and management of the available funds for development (the National Strategic Reference Framework (NSRF) documents are the EU funds at national level) by the Commission. At the same time there should be a centrally coordinated management and …
Tag: eurozone
The Sustainable Solution for the Eurozone (EU) Economy – Part II
The European Commission and in general the EU rightly has set specific fiscal limits on the budgets of the member states of the Eurozone through the: Treaty of the European Union, Feb. 1992, widely known as the Maastricht Treaty-December, 1991 (Source׃ EU https://europa.eu/eu-law/decision-making/treaties/pdf/treaty_on_european_union/treaty_on_european_union_el.pdf, 29/7/2015, Brussels_Luxemburg 1992), and the Stability and Growth Pact (November, 2011) (Source׃ …
The Threat of SARS-ConV-2 and some immediate Economic Consequences from it
On the morning of Friday, February 28, 2020, there were 2848 deaths and 83386 cases of SARS-CoV-2 (coronavirus) in 44 countries around the globe (Source: WHO, www.who.int ) due to the disease it causes called COVID-19. These numbers are increasing at an impressive speed, while the vaccine that will protect the earth’s population from the …
The Sustainable Solution for the Eurozone (EU) Economy – Part I
The Eurozone economy in recent years has faced the problem of permanent deflation. The deflation is occurred as a result of the low levels of overall demand in the economy. The low levels of global demand in addition to the Eurozone overall demand also characterize the global economy (2019 & Q1 2020). As a result …