The Eurozone crisis and South Eastern Europe: Recovery or illusion?
SEESOX Seminar Series: South East European realities amid Europe’s multiple crises
South East Europe currently finds itself confronted with numerous external crises, including the Eurozone, the refugee influx, crises in the eastern and southern neighbourhoods, as well as internal political, constitutional or economic. In SEESOX’s Hilary term Seminar Series, we wish to look at how the region has been coping or not coping with these multiple crises and what domestic developments or strategies may either prevent or enable appropriate political responses. The seminar series will address some of the acute problems affecting Europe, as seen especially from a South Eastern European perspective, and combine the thematic (refugee, economic and political crises) with the country specific approaches.
In recent years, South East European economies have been damaged by the effects of the global and Eurozone crises. The region is lagging behind Western Europe in key reform areas, and the appetite for further reform is limited. There is a general need to reform fiscal institutions in SEE in order to better prepare them for the appropriate analysis, formulation, and implementation of fiscal policies. In light of the evolving financial architecture in Europe, macroprudential tools can provide (to varying degrees) the means to better attune monetary conditions to national requirements and to help assure financial stability.
In association with PEFM.