Eurozone Financial Crisis and the Process of European Integration

Document Type : Research Paper


Assistant profeour at university of tehran


The most successful regional integration pattern can be seen in the European Union, so that, over the years, a successful regional convergence pattern has yet to be found. In 2011, the starting point of the arches was integrated into this body. Controversial views about the institution and the outcome of European convergence were advanced, and some even asserted that no clear definition of the whole of "Single Europe" had been drawn from the beginning. Undoubtedly, the crisis in the eurozone has challenged European convergence. After the crisis, Europe is divided into two non-equally divided countries: the northern wealthy countries and the southern bankrupt countries. The key question is, what is the impact of the crisis on the European convergence process? In response, it can be said that the crisis has had an impact on the political, economic, cultural and social sub-systems of the Union. This paper has advanced on the basis of system theory to prove its hypothesis. Based on this, the birth of federal ideas of Jean Monet and his followers in the post-World War II era, in the historical development of convergence, is equally valuable to environmental constraints. The pressures themselves are driven by geopolitical facts and economic considerations.


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Volume 50, Issue 2
July 2020
Pages 725-745
  • Receive Date: 13 November 2018
  • Revise Date: 04 February 2019
  • Accept Date: 04 February 2019
  • First Publish Date: 21 June 2020