RUDN Journal of EconomicsRUDN Journal of Economics2313-23292408-8986Peoples’ Friendship University of Russia named after Patrice Lumumba (RUDN University)11939Research ArticleThe Debt Crisis in Eurozone and Perspectives of its SolutionDavtyanM Amidavtyan@mail.ruPeople’s Friendship University of Russia15052012S5172412092016Copyright © 2016, Economics2016The 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.Eurozonesovereign debt crisisexternal debtthe structure of currency reservesmonetary toolsreserve currencyЕврозонадолговой кризисвнешний долгструктура валютных резервовинструменты денежно-кредитной политикирезервная валюта