목차
Cause of crisis How sovereign debt crisis impact the world ongoing sovereign debt crises and effort to end that Expectations for the future of the Euro-zone
본문 Systematical cause
① Deeping disparities between Eurozone countries from single exchange rate
▲EURO doesn’t represent economic situation of individual countries
▲Greece used overvalued money compare to their economic level
▲So, Greece monetary policy can’t be able to control their economic system
▲Greece had a boom days due to liquidity extension not because fundamental
Systematical cause
② Absence of financial alliance
▲ Single monetary policy & regional independent financial policy
③ Tolerant attitude to Euro members
▲ Give small penalty to them who violate SGP(stability and growth pact)
▲ Expand recruiting members for political intension
④ Inadequacy of contingency plan
▲ overall measures are incomplete
⑤ Vulnerable to contagion effect
▲ Correlation between EMU is high
본문내용 debt crisis impact the world ongoing sovereign debt crises and effort to end that Expectations for the future of the Euro-zone
What caused a European sovereign debt crisis Systematical cause Individual national cause
Systematical cause ① Deeping disparities between Eurozone countries from single exchange rate ▲ EURO doesn’t represent economic situation of individual countries ▲ Greece used overv |
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