Využití shlukové analýzy při vyhodnocení podobnosti fiskálních politik členských států EMU

Abstract

This paper focuses on a debt crisis in Greece, the causes and impacts of this crisis and possible solutions to current situation. The Greek debt crisis is one of a number of current European debt crises and is believed to have been caused by a combination of structural weaknesses of the Greek economy coupled with the incomplete economic, tax and banking unification of the European Monetary Union. Throughout this thesis the Greece is compared with another European states regarding to important macroeconomics indicators and economic policy. The aim of this paper is analyze and make a comparison which is based on the cluster analysis. First part of this paper is about reasons, which cause financial crises in Greece. Second part focuses the theoretical background of the cluster analysis and selection of economical indicators. Next part evaluate findings with cluster analysis. The conclusion cautions against high state debts and shows indispensability reforms which are related with fiscal state policy.