European economics and politics in the Midst of the Crisis: From the outbreak of the crisis to the fragmented European Federation

  • Petrakis P
  • Kostis P
  • Valsamis D
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...The EU above all is a political creation...The end of 2012 was the landmark for the emergence of change of ECB..and signals a change in European opinion to an appreciation that the Great European Recession ...has characteristics directly linked to the peculiar European Monetary Union. ...Sorens (2008) defines 5 basic characteristics of a fiscal union... the political character of the unification is established in later unification stages.

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