CHOICES

CHOICES

A publication of AAEA

A publication of AAEA
The Eurozone Crisis and its Implications for Agriculture in Selected Regions of the World

The Eurozone Crisis and its Implications for Agriculture in Selected Regions of the World

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Theme Overview: The Eurozone Crisis and its Implications for Agriculture in Selected Regions of the World

Evert Van der Sluis

The articles in this theme provide an overview of the Eurozone crisis, consider its consequences for U.S. agricultural exports, and analyze how agriculture in the EU and in Transition Economies in Europe and Central Asia have been affected by the Eurozone's economic difficulties.

A Broad Economic Overview of the Eurozone Crisis

Evert Van der Sluis and Maria Parlinska

We provide a broad context of the Eurozone crisis by examining the mutual dependence between the United States and the European Union, European economic integration efforts and the role of the common currency therein, the origin of and responses to the economic difficulties, and links to agriculture.

What the Eurozone Problem Means for U.S. Agricultural Exports

Mathew Shane and Terry Roe

The Eurozone problem is the result of using a common currency for a set of countries without a common monetary and fiscal system. While this could have major implications for the United States economy, our analysis suggests that even under the most adverse situations considered, total U.S. agricultural exports are likely to increase over time.

Exposure of EU Farmers to the Financial Crisis

Martin Petrick and Mathias Kloss

Some but not the majority of EU farmers faced difficulties in credit access after the outbreak of the financial crisis. Low debt levels and declining interest rates insulated most farms in the crisis regions from excessive risk exposure. Dairy farmers in particular were protected by a public rescue package.

Implications of the Eurozone Crisis for Agriculture in the Europe and Central Asia Economies in Transition

William H. Meyers and Kateryna Goychuk

The Eurozone crisis has affected many countries in the neighboring regions, especially those with closer economic ties. These impacts are transmitted through reduced trade, investment flows, credit and remittances. Agriculture is relatively large in many of these economies and can suffer from lower exports, foreign investment, credit and domestic demand.