There are several factors why the southern EU countries have performed relatively poor than the northern ones. One of them is that prices rose far faster in the peripheral countries like Greece, Spain, and Portugal. In Greece, for example, prices between 2000 and 2007 rose by eight percentage points, and for Spain it was seven points. Since the periph... read more

The term paper discusses the adverse effects of the current Eurozone crisis on the economies of the developing countries. Overall, during the last few quarters of 2011-2012 the economies of the developing countries remain vulnerable to the euro zone crisis. The crisis has caused trade shocks in the lower-income economies, while the European debt crisi... read more