Abstract:Eurozone (and implicitly the whole EU) finds itself at the crossroad. Economic "dynamism" of the last few years resulted in the growing differences between the Northern European "core" centered on Germany and the Mediterranean countries plus Portugal and Ireland. The key for the explanation of the rising differences in the economic dynamism between the European "North" and "South" is the understanding of the existence of two economic and social models within the original eurozone countries. Under the given cir… Show more
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