Кризата в Кипър – отражение на значимите проблеми на икономическия и паричен съюз в Европа
The Crisis in Cyprus – A Reflection of the Major Problems of the EU Economic and Monetary Union

Author(s): Silvia Kirova
Subject(s): Economy, National Economy, Supranational / Global Economy, Financial Markets
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: Crisis; Economic and Monetary Union
Summary/Abstract: Since 2009 the Economic and Monetary Union is in an unprecedented crisis. Several countries, amongst which Cyprus, suffered severe debt problems and were forced to look for official financial assistance. But the crisis can not be defined simply as a debt or economic crisis. This is a crisis of the design of the Economic and Monetary Union which disclosed the significant defects and omissions in the union’s infrastructure in the first decade of its existence. This article aims to look at the crisis developments in Cyprus as a reflection of the significant problems of the Economic and Monetary Union in Europe.

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