Europe’s “Dutch Disease”
By Andreas Marazis
No, Europe is not considered a victim of the economic phenomenon known as “Dutch Disease” or “resource curse”, referring to economies of countries that rely heavily on natural resource revenues. But it might suffer from a different kind of “Dutch Disease” brought about by the serious blow from the “NO” outcome of the April 6, 2016 Dutch referendum regarding the EU-Ukraine Association Agreement which has served to fragment the EU and weaken its unified decision-making power.
