This article is aimed at identification of the shadow economy's causal factors and indicators in 19 Eurozone member states over the period from 2005 to 2016. Application of the MIMIC model has allowed to identify the following causal factors of the shadow economy in the Eurozone: employment...

This article addresses an anomaly in the European Union (EU)’s recent evolution. Two years ago, Great Britain’s exit from the EU seemed improbable, while Greece’s departure appeared to be imminent. The outcome was precisely the reverse. We explain the paradox and examine its ramifications....