INTBUS 6 Lecture 11:
14 Oct 2020
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Document Summary
The crisis and the challenges and their implication on the eu. Even if the eu faced many serious crises and challenged in its history of now 60 plus years ( empty chair crisis, eurosclerosis, the break-up of the soviet bloc etc. The eurozone crisis has been the most high-profile dimension of the crises because the creation of the euro is widely seen as being one of the eu"s most important policy achievements. The banking crises led to the sovereign debt crisis: the sovereign debt and euro crisis: national debts arise because governments have spent more than their income and therefore have to borrow to bridge the gap. And there was no obligation from other states to help them (especially germany which preferred austerity measures) The second crisis that has brought seriously into question the continued operation of core parts of the eu system is the migration crisis, which has threatened the.
