Dužnička kriza u Evropskoj uniji i opstanak Evrozone
The European Union Debt Crisis And The Eurozone's Survival

Summary/Abstract: Debt crisis in the European Union is the result of the inability of some countries to gain control over growing debt, which created tremendous pressure on the stability and survival of the common European currency, Euro. Concerns over the risks of growing public debt and budget deficits of some countries of the European Monetary Union, caused the reaction of financial markets that punish countries with debt problems in the form of increased prices of their additional borrowing. Poor control of defined rules implementation has led to excessive borrowing countries to challenge the achieved stability and integrity of the Eurozone. A debt crisis in the European Union discovered that the model of economic growth based on the financing of consumption through borrowing in the long term does not give positive results. Analyzing the potential danger of possible Eurozone collapse, EU leaders have concluded that the costs of such a scenario are extremely high. An agreement was reached to form a rescue fund for member states whose debt problems could threaten the survival of this monetary union.

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