The Europeans crisis: unviable and viable aspects

Abstract

From previous crises experiments, territorial development is a vector to be favoured for the crisis exist in a context where the Western economies and states are sunk in institutional rigidities under the diktat-web of the financial actors. Europe is facing a catastrophic economic and social decline, according to the last Red Cross report1. The charity concludes that austerity measures taken during Europe’s economic downturn have further contributed to snowballing poverty and unemployment. On a theoretical point of view, economic dynamics are blocked on depression trajectories as consequences of the so-called Keynesian multiplier effect.