GREEK CRISIS - CAUSES, CONSEQUENCES AND DEVELOPMENTS

GABAN Lucian, “1 Decembrie 1918” University, Alba Iulia, Romania

BATRANCEA Ioan, "Babeş-Bolyai” University, Cluj-Napoca, Romania

MINTEUAN Paul, "Babeş-Bolyai” University, Cluj-Napoca, Romania

Abstract:
The financial crisis started in 2007, had and continues to have adverse economic consequences on the world economy. The real estate crisis has reached the banking crisis was continued sovereign debt crisis, and then followed Cypriot crisis and again "Achilles heel" of both relapsed into Greek banks as at the state level. In this paper we will analyze the phenomenon in Greece to highlight possible dangers which have an impact on the EU.

Keywords: crisis, deficit, budget, default, GDP

JEL Classification: G01

Volume: 68, Issue: 1

Pages: 94 - 102

Publication date: June, 2016

Download the article: http://economice.ulbsibiu.ro/revista.economica/archive/68108gaban&batrancea&minteuan.pdf

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