Changes of the Decision Making Process in EU in the Context of the Financial and Economic Crisis

Abstract

The financial and economic crisis strongly struck the European Union at a time when it was experiencing a period of prolonged growth. It was maybe the most affected entity in the world, due to the fact that a debt crisis followed right after the financial one. In this context, the decision makers had to tackle the issues in a very fast and different manner in order to avoid the end of Eurozone’s existence and of the European Union itself. Based on the hypothesis that changes have occurred at the EU’s decision level and using the qualitative and quantitative methods of research, our purpose is to show the extent to which the crisis influenced the decision-making process and the decisions themselves.

Keywords: financial and economic crisis, decision making process, EU decisions, influence, changes

JEL Classification: D72