Features of Financial and Economic Development in the Period of Coronavirus: Experience of the Baltic States as Members of the European Union

Abstract

The combination of two types of crisis: epidemiological and economic creates a fundamentally new and difficult situation for European integration. The authors do not share a view suggesting a qualitative weakening or even a complete disintegration of the European Union. However, the processes taking place are not indicative of the ordinary nature of the problems. In these circumstances, contradictions are escalating not only between North and South, which has been much written about recently, but also between West and East of the EU. “East’ includes the Baltic states in dire need of financial resources right now.

Keywords

• european integration
• baltic states
• european union
• economic crisis
• redistribution of resources
• coronavirus