The Impact of Greek Debt Crisis on EU Integration and Its Enlightenment

Journal: Modern Economics & Management Forum DOI: 10.32629/memf.v5i2.1871

Shumin Chen

Guangzhou College of Technology and Business, Guangzhou 510850, Guangdong, China

Abstract

As a very important member of the European Union, Greece has a very significant influence on the development of the European Union. The outbreak of the Greek debt crisis has a far-reaching impact on the process of EU integration. At the same time, the fiscal deficit and other economic and financial problems exposed by the Greek debt crisis have enlightenment for China and other countries. Therefore, it is of great research value to study the problems exposed in the Greek debt crisis and its impact on EU integration, and learn from these problems. This paper will first introduce the development process of the Greek debt crisis, then analyze its impact on EU integration, the way out of the Greek debt crisis, and finally discuss its reference significance to China and other places.

Keywords

Greek debt crisis, euro zone, fiscal fraud, austerity policies, European integration

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