The disintegration challenge of reforming the Eurozone
Keywords:capital movements, disintegration, European Monetary Union, Eurozone, excessive financial elasticity, historical lessons, integration, systemic crisis, theoretical
The main objective of this study is to analyze endogenous destabilizing and disintegration tendencies within the framework of the crisis of the European Monetary Union, which grew into a crisis in the real economy. This involved several EU members states at the same time. Achieving this goal requires addressing several theoretical and historical lessons, that point to an important dilemma for the survival of the European project in the future. Research methods include: systematic, procedural, and situational approaches to the study of Eurozone countries and participants in the integration project and disintegration influences and an institutional approach to the detection and analysis of dysfunctional institutional configuration within the framework of the European Monetary Union. Of significant importance for the study of the problems of economic integration and disintegration was the use of the principles of universal scientific methodology. This included an integrated approach to problem-solving, which envisaged a general vision of the movement of capital in the context of the European integration project. Also, the application of methods of logical models, induction, and deduction. The unity of logic and history in the development of a research object confirms the synergistic effect of historical and theoretical lessons.
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