EUROPE’S FINANCIAL AND ECONOMIC CRISIS – VALID METHODS TO PUTTING AN END TO IT

Specialists believe that Europe is mired in a deep debt trap as a result of the costly measures taken to deal with the financial and economic crisis and they describe the situation as being serious, but not without hope. The majority of the specialists believe that without the euro, Europe would be in a much worse position. In the fallowing paper, our intention is: first to stress the key factors that have led Europe to the current crisis, second to present some possible scenarios that the crisis may generate in the near future and third to give some viable solutions that might improve Europe’s nowadays economical situation and help it get out of the crisis.