The European Union’s economy at a crossroads

Абстракт

The EU economy is once again in a period of serious trial and doubt about the adequacy of the action taken. Among the many reasons for this is the Coronavirus Pandemic from the beginning of 2020 and the difficult decisions taken by the Union’s institutions / formats and leaders, represented by the European Commission, the ECB, the Eurogroup, etc. In this connection, the main objective is to trace the most important events in the history of the European Union, which give reason to believe that it was at a crossroads many times before the current pandemic crisis, those who have marked its economy. Special attention has been paid to what has happened in the last 20 years, with an emphasis on recent events, mainly related to COVID - 19, respectively on EU and Eurozone / Eurogroup decisions.

The analysis and synthesis methods used, the retrospection and the formulation of conclusions, have achieved a significant result in terms of the vast amount of information and its presentation within set limits. The final conclusion is that the EU economy is undergoing another “Golgotha,” which is expected to recover stronger over the next few years compared to the pre-crisis period.