By Spatial Foresight Öir, BBSR, Pöry, and BOKU-Met, 2011.
The financial crisis was triggered in the US in 2007, subsequently developed into the fiercest economic crisis since the 1930s to hit a majority of developed countries, and still continues at the time of writing in early 2011. In Europe, the industrial motors that got off relatively easily – such as Germany, Sweden, Slovakia and the Czech Republic – have restarted, but the structural deficits in many countries and, more alarming, in the Union as a whole, persist. Ireland, Greece and Spain still remain in unfavourable situations with financial and real estate markets still disordered and public debts potentially exceeding safe levels. Other countries, such as Portugal, Romania, Italy, France, the UK and Lithuania, still struggle to reach growth levels that could lead to the economic path they were on before the crisis. Therefore, at the outset it must be mentioned that this crisis paper can only illustrate a snapshot of the economic developments, mainly the status 2010. For that reason, a strong focus was on regional differences rather than on more global predictions for the near-term future.
 Download document | [ ] |
