Can the Eurozone Crisis Bring Forth New Frontiers in Central and Eastern Europe?
La crise de la zone euro peut elle faire surgir de nouvelles frontières en Europe centrale et orientale?
Author(s): Maurice GuyaderSubject(s): Economy
Published by: Editura Universitatii din Oradea
Keywords: EU enlargements; Central and Eastern Europe Economic Catching-up; economic crisis; migrations
Summary/Abstract: Eight years after the enlargement of the EU to 10 new Member States, in 2004, the balance sheet of this event is positive. In spite of the economic crisis in the EU, the economic and social situation of many of the new Member States is rather encouraging regarding other States in the Union. During four years after the accession they had a significant growth, they are fully integrated in the European trade, till 2009, FDI inflows have been in constant growth, there are not important migration flows after the opening of boundaries, students are migrating through countries, agriculture is adjusting with the market, tourism exchange is increasing, there are improvements in social matters. But after 4 years, banking then, Eurozone crisis were there. Some countries have been affected. After Ireland, Portugal and Greece, Spain and Italy are infected, some of the new Member States also. If Poland is the only European country to have always known growth of its GDP, some other new Member States are not in the same situation. Flows of FDI slow down in many countries. The socio economic situation is not better, in the Balkan area and in the countries of the Eastern partnership. Turkey is one of the few countries to emerge. European external boundaries have been pushed away to the east, enlarging the stability zone, but also increasing sensitiveness of Eastern economies to the fluctuations of the Eurozone.
Journal: Eurolimes
- Issue Year: 2012
- Issue No: 13
- Page Range: 130-148
- Page Count: 19
- Language: French