THE INFLUENCE OF THE CRISIS PHENOMENA ON THE EUROPEAN UNION BANKING SYSTEMS’ DEVELOPMENT ON THE CURRENT STAGE

The issues of the institutional fundamentals transformation of the banking regulation within European Union in order to minimize the negative consequences of crisis by the economic entities is of prime importance today. The detailed analysis of the wide range of the theoretical fundamentals of the global economic processes gave the author an opportunity to make a conclusion about the nonexistence of the formally established paradigm of understanding of these fundamentals in terms of the permanent crisis developments.It is quite true that on the current stage implementation of any institutional reforms (including EU) is attended by the whole set of organizational and methodological difficulties. Nevertheless, this problem is of vital importance. Nowadays on EU scale significant institutional deficit arises that, in terms of unharmonious policy of the currentregulators of the particular EU countries, causes the threat to the whole EU existence in terms of exacerbation of the crisis. This paper represents the results of research devoted to the influence of the crisis phenomena on the EU’s banking systems in the current conditions. The author completed the comprehensive consideration within the framework of this problematic and represented the results of her own research. As a result of the research the author developed the classification scheme of the sovereign debt crisis within EU countries. In addition, as a result of research the author proved the decrease of the EU’s role within the framework of the global economy.

European Union, tendencies, banks, banking systems, banking activity, economy, economic growth, development

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