The Debt Crisis in Eurozone and Perspectives of its Solution

Abstract

The article deals with the crisis phenomena that are taking place in the European Monetary Union. The author examines the mechanisms that can be used to overcome the crisis in the Eurozone. Particular attention is paid to the role of European Central Bank in the conditions of financial and economic instability and its role in combating the sovereign debt crisis in the Eurozone. The major macroeconomic indicators of the Russian economy's development are also analyzed in the article. The author determines the dependence of Russian economy from the current negative events in the Eurozone.