Lessons of the Greek Euro Crisis Cover Image

Lekcije grčke evro krize
Lessons of the Greek Euro Crisis

Author(s): Branko Vasiljević, Ljubomir Šubara
Subject(s): Political economy, Socio-Economic Research
Published by: Fakultet političkih nauka Univerziteta u Beogradu
Keywords: Economic and monetary union, eurozone; democratic legitimacy; Greek crisis; crisis of confidence; exit from the eurozone
Summary/Abstract: From the financial agony of Greece some important democratic lessons could be nferred. On the level of the Economic and Monetary Union they are related to the crisis f the democratic legitimacy of institutions and the crisis of confidence. At the national level, democratic legitimacy of the institutions that make the „European“ decisions has to be confirmed. European Union was created by political elites, but its limits are of social nature. The same lesson is important for Serbia’s integration path towards the European Union as well as for its democratic institutions.

  • Page Range: 125-135
  • Page Count: 11
  • Publication Year: 2015
  • Language: Serbian