Butorina Olga

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  • № 3, 2009


      In this article the author considers economical and social policy of the European Union in crisis conditions, its efforts in the financial markets stabilization. As for EU the current crisis has two specific features. The first is connected with the change of EU role in international differentiation of labor and risk of remission of its competitive position in the world. The second is coming from the recent expansion of EU to the East, in case of which the transitional economics of new members has become an indispensable part of its common economic landscape. O.Butorina thinks that the biggest downturn in the history of EU creates not only new opportunities, but also new challenges. It puts a task to united Europe to produce the new economical strategy as soon as possible. Crisis has again put a question about correlation of economical and political components of European integration. In the lack of powers, which are usual for superior body of a federate state, EU institutes influence on economics is extremely limited. Complicated allocation of responsibility areas among the members of commonwealth and supranational structures, and also an extremely complicated decision-making process hamper the firm and effective actions of EU.

      DOI: 10.30570/2078-5089-2009-54-3-115-130