The Differentiated EU Policy on Facing Economic Crises: Prospects for EU to Anticipate the Financial and Fiscal Crises of its Member States

Abstract

The present policy brief shed light to the recent developments, in EU level, as regards the economy of the European member states threatened by financial and fiscal crises. In particular, it evaluates the prospects for a top down – driven recovery, in the framework of the EU Economic Governance. The estimates emerged from this survey show that the speed of a recovery based alone on the efforts of the individual member states would be insufficient to address the urgent problems of economic crises and under-development. Therefore, are evaluated the alternative policy options of the EU aimed at stimulating any economic dysfunctions without endangering its existence. This policy note concludes that the EU’s response to the Eurozone crises will depend on its ability and determination to deal with and prevent any future challenges that may arise.