Η Ευρωζώνη υπό το πρίσμα της χρηματοπιστωτικής κρίσης 2007- 2009 και της πανδημίας Covid 19

Βελαώρα, Αλίκη

Master Thesis

Author

Βελαώρα, Αλίκη

Date

2025-10

Abstract

This thesis focuses on the analysis of the Eurozone, examining its trajectory, challenges, and the institutional framework of its economic governance. The study begins with the institutional formation of the Economic and Monetary Union (EMU), as defined by the Maastricht Treaty, with particular emphasis on the Eurozone’s function as an incompletely integrated yet strategically important monetary project for European unification. The first part presents the creation of the euro and its initial years of operation, highlighting the role of the European Central Bank (ECB) in ensuring monetary stability and controlling inflation. It also analyzes the mechanisms of monetary policy implementation and the institutional structure of the Eurozone as it was shaped during its early stages. The second part focuses on the structural weaknesses of the Eurozone, such as the absence of a unified fiscal pillar, the limited capacity for coordination of macroeconomic policies, and the institutional imbalance between monetary and fiscal authority. The 2007–2009 financial crisis revealed these weaknesses and led to institutional interventions, such as the establishment of the European Stability Mechanism (ESM). Special reference is made to the Covid-19 pandemic, which underscored the need for solidarity mechanisms, with the “Next Generation EU” recovery fund representing the most characteristic example. Furthermore, the thesis examines the progress of the Banking Union, the European Deposit Insurance Scheme (EDIS), the Capital Markets Union, and the need for a fiscal stabilization mechanism. It also highlights the importance of enhanced democratic accountability within the governance framework. Overall, the thesis concludes that the sustainability of the Eurozone depends on the substantial strengthening of its economic governance and political integration. Only through deeper institutional and political unification can the Eurozone ensure its resilience and its capacity to respond effectively to future crises.

Postgraduate Studies Programme

Διεθνείς και Ευρωπαϊκές Σπουδές

Department

Σχολή Οικονομικών, Επιχειρηματικών και Διεθνών Σπουδών. Τμήμα Διεθνών και Ευρωπαϊκών Σπουδών

Number of pages

132

Language

Greek

URI

https://dione.lib.unipi.gr/xmlui/handle/unipi/18830

Collections

Τμήμα Διεθνών και Ευρωπαϊκών Σπουδών

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Αναφορά Δημιουργού-Μη Εμπορική Χρήση-Όχι Παράγωγα Έργα 3.0 Ελλάδα