The impact of a global volatile environment on the economic development of the European Union

Author(s):  М.A. Galper, International center for financial market research, St. Petersburg state university of economics St. Petersburg state university of economics, Saint-Petersburg, Russia,

Issue:  Volume 45, №2

Rubric:  The labour market and economics of education

Annotation:  This article is devoted to the problems and the crisis of the European Union, which began in 2008. During the last two years the whole world has watched the withdrawal of its main participant (Brexit) and the general dissatisfaction with the situation in the EU of most other participating countries. The advantages of the Single Economic and Currency Area were leveled due to the influence of a global volatile envi-ronment that manifested itself in the form of global changes in the world and the crisis phenomena of 2008, which showed that the EU countries can not stand these tests as a whole without uneven losses. This, in turn, calls into question the meaning of the existence of the European Union.

Keywords:  The European Union, the crisis in the EU, the causes of the crisis, the way out of the crisis, the European Constitution, Schuman's Declaration, Macron.

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