Abstract
Europe and, more specifically, the Eurozone, is a special example of a unification of states. It comprises entities with strong individual identities, histories and cultures. It is, in fact, a mosaic of nations and cultures with intense resistance to the surrendering of their national rights. Hence, the governance of Europe is a rather difficult undertaking. This chapter analyses the dominant cultural backgrounds of the separate European countries and examines certain elements of political balance within Europe. Furthermore, the governance of Europe, the decision-making mechanisms and the quality of political institutions are examined and reference is made to the institutions and the incentives characterizing the social and economic realities of the European economy.
Keywords
- Gross Domestic Product
- Total Factor Productivity
- Human Development Index
- European Central Bank
- Total Factor Productivity Growth
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
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Petrakis, P.E., Kostis, P.C., Valsamis, D.G. (2013). Culture, Institutions and Politics as Crisis Generators. In: European Economics and Politics in the Midst of the Crisis. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-41344-5_7
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DOI: https://doi.org/10.1007/978-3-642-41344-5_7
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