Nobody downloaded yet

EU Crisis and its consequences - Essay Example

Comments (1) Cite this document
Summary
The paper throws light on the European Union (EU) crisis that hit the union in 2009 and has been a challenge to the different nations who are member states. Although it has been a crisis of historic significant proportions, in 2009 things went beyond control. …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91.3% of users find it useful
EU Crisis and its consequences
Read TextPreview

Extract of sample
"EU Crisis and its consequences"

Download file to see previous pages The paper tells that the European crisis is an ongoing financial crisis that has led to involvement of third parties to help in the situation. The crisis began in 2009 with increased fears from investors attributed to by the rising government debt levels around the world. This was followed by an era of downgrading of government debt in a couple of European states. The issue became worse in 2010 leading to actions of rescue. Meetings have been held by the leaders in the project to come up with possible solutions. In projects, leadership should play a key role and this is the case with the European Union however other factors let it down. According to Olsson, there are different things that the leaders have been agreeing on for instance creation of a common fiscal union and balanced budget management in each state. In an issue like this one, it becomes necessary to look at the causes of the same before going deep to get solutions and recommendations. Although the European currency has remained stable despite the shock, sovereign debt has raised substantially in a few eurozone countries. In the crisis countries that are most affected are Greece, Ireland, and Portugal, which collectively contribute 6 percent of the eurozone’s gross domestic product. Members pinpointed to contribute to the evolution of the crisis are Greece, Ireland, and Portugal. From the three states, the crisis is noted to have spread to Italy, Spain, Belgium, France, and the United Kingdom. ...
In projects, leadership should play a key role and this is the case with the European Union however other factors let it down. According to Olsson (2009), there are different things that the leaders have been agreeing on for instance creation of a common fiscal union and balanced budget management in each state. In an issue like this one, it becomes necessary to look at the causes of the same before going deep to get solutions and recommendations. Although the European currency has remained stable despite the shock, sovereign debt has raised substantially in a few eurozone countries. In the crisis countries that are most affected are Greece, Ireland, and Portugal, which collectively contribute 6 percent of the eurozone’s gross domestic product (Olsson, 2009, p.23-26). Analysis of the European Crisis Complex factors have resulted to the European sovereign debt crisis including globalization of finance; easy credit conditions between 2002 and 2008 that encouraged much borrowing; trade imbalances in the international markets; slow economic growth after 2008; fiscal policy challenges particularly high entitlement spending; and approaches used by nations to bailout banking industries challenged (Chrisdoulaki, 2010).The dawn of the crisis was in 2000 to 2007 where the global pool of fixed income securities increased. This increased savings in individual states as developing countries entered global capital markets. Different countries in the European were affected by these swings in the global economy that had begun in United States of America. Some borrowed and invested in different ways for instance Ireland, one of the leading contributors of the crisis, lent the money to property developers through its ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“EU Crisis and its consequences Essay Example | Topics and Well Written Essays - 4250 words”, n.d.)
Retrieved from https://studentshare.org/business/1395780-eu-crisis-and-its-consequences
(EU Crisis and Its Consequences Essay Example | Topics and Well Written Essays - 4250 Words)
https://studentshare.org/business/1395780-eu-crisis-and-its-consequences.
“EU Crisis and Its Consequences Essay Example | Topics and Well Written Essays - 4250 Words”, n.d. https://studentshare.org/business/1395780-eu-crisis-and-its-consequences.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
ai
aisha19 added comment 7 months ago
Student rated this paper as
I didn’t know how to start my document. "EU Crisis and its consequences" helped me out a lot! Especially the list of structure was valuable.
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Greece Economic Crisis of 2011 and its Prospects in the EU as its Member
...Greece Staying in the Euro The Euro Zone is composed of a single monetary market and heterogeneous countries (Lapavitsas et al. 22). These countries diverge in fiscal policies and productivity levels. Their public debt levels diverge as well. Greece is an example of a country that failed to control its public debt levels. The Greek crisis became a crisis of the entire Euro Zone, as Greek exit would signal to external investors and EU partners that Euro is not as strong as first estimated. However, help to Greece has not been as generous as some think it should have been. Since 2009, Greece has not overcome the debt problems. The question most economists and Greek...
10 Pages(2500 words)Essay
Human Cloning and Its Consequences
...? Human Cloning and Its Consequences Word Count: 750 Human cloning is dangerous, profoundly wrong, and has no place in our society. There are severaldangers inherent in cloning. Ruth Macklin, an accomplished doctor in the field of biomedicine, claims there are the following problems, to paraphrase: “We're too ignorant to do it right; in any case, we are likely to alter the gene pool for ill; negative eugenics can't possibly work unless carriers are eliminated, but this would soon eliminate the entire species; and some methods of genetic engineering carry grave moral risks of mishaps.”1 For instance, since we don’t really understand how cloning works, we might inadvertently change the gene pool. In order to eliminate various parts... to...
3 Pages(750 words)Essay
Teenage pregnancy and its consequences
...?Teenage pregnancy and its consequences: This paper is primarily based on contemplating the issue of teenage pregnancy along with scrutinizing the consequences it produces as a result of prevailed delinquency debauchery in the teenagers presently. This remains an unequivocal fact that the horribly agonizing issue of teenage pregnancy forms a hotly debated topic in the present age around the globe which is thriving with time and creating much grave troubles, thus shaking the solidarity of the societal structure in a ruthless and traumatic manner. Discussing the actual incidence of teenage pregnancy in both eastern and western societies along with identifying the major horrific...
8 Pages(2000 words)Research Paper
The 2008 Financial Crisis: Causes and Consequences
...?The 2008 Financial Crisis: Causes and Consequences Table of Contents The 2008 Financial Crisis: Causes and Consequences Table of Contents 2 Introduction 3 The study is concentrated on a detailed analysis of the 2008 financial crisis. The causes and consequences of the financial crisis during 2008 have also been discussed in the study. The financial crisis refers to the situation in the financial economy, when the value of the assets and institutions goes on losing their value at an increasing rate all over the world. The study is also concentrated on the genesis of the 2008 financial...
7 Pages(1750 words)Research Paper
Teenage Drinking and Its Consequences
...? Teenage Drinking and Its Consequences 2 March Introduction Alcohol is the teenager’s “drug of choice,” according to the National Institute on Alcohol Abuse and Alcoholism (NIAAA) (2006). It is easy to buy, even when it is illegal, and it is commonly used for socialization. WebMD (2012) underscored that alcohol is “very powerful” and “addictive,” and it can be “lethal” in large amounts (p.1). Adolescents are particularly prone to drinking alcohol, because of perceptions of drinking alcohol as cool and essential to high school and college life. Underage drinking, however, is banned in many countries. The Surgeon General of the U.S. Department of Health and Human Services (2007) defined underage drinking...
3 Pages(750 words)Research Paper
Intergenerational Trauma and its consequences
...? Intergenerational Trauma and its Consequences Intergenerational Trauma and its Consequences Intergenerational trauma is thetype of trauma that transcends from one generation to the next. This happens when the generation that initially experiences the trauma does not take the responsibility of resolving the trauma. Transmission of this type of trauma may occur from parents to children. From children, this type of trauma passes down to the next generation. In other instances, a community that suffers disaster may never get over the resulting pain and may transmit the pain to the succeeding generation. Intergenerational trauma has the potential to cause detrimental effects...
8 Pages(2000 words)Essay
Digital Divide and its Consequences
...Digital divide and its consequences Literature review In this review I will attempt to demonstrate what the consequences of the digital divide are. I focused the review on the United States of America and the digital divide between immigrants and native born which is constantly widening in the last decade. Specifically I will raise intriguing questions about race and the digital divide, ethnic differences in access, the role of community technology centers and the causes of the digital divide and the patterns of the internet use. In his article Fairlie (2002) comments that in the recent years, there are numberless private and public programs in the U.S aiming to decrease the digital...
4 Pages(1000 words)Book Report/Review
Sub-Prime Crisis and its Major Causes and Consequences
Banks thought that the global economy was stable and renewable so that they can give loans to anybody who is in need. Securitization was also a major reason for the current subprime problems as the banks had no control, whatsoever over the money they granted as loans. Instead of utilizing the money in the productive sector, people burned the borrowed money in the non-productive sector which resulted in the recent subprime crisis. Even though the terms financial crisis, economic crisis and recession are quite familiar to the ordinary people, the term subprime crisis is not so to the layman. The current financial crisis is often referred to as a subprime crisis. The term subprime means, giving loans to consumers who are in the risk...
10 Pages(2500 words)Book Report/Review
Nihilism And Its Consequences
...August 11, Nihilism: No Consequences, Meaning, and Openness Nihilism can kill people “inside” or “completely,” according to two short stories. In Hurstons “Spunk,” Spunk is a giant and armed African-American, who takes what he wants, because he knows he can. Braverman describes the vast emptiness in a white, alcoholic, upper-class, middle-age womans life in the “Tall Tales from the Mekong Delta.” This paper compares and contrasts how Hurston and Braverman use imagery, symbols, writing style, and characterization to explore the nature and outcomes of nihilism. Spunk and the alcoholic woman are nihilistic, because they do not think about the consequences of their actions, they live in closed societies, and...
6 Pages(1500 words)Essay
Deviance and Its Consequences
...of the Social Sciences, 1968) An influential scholar, Howard S. Becker, who has been researching deviance, noted that deviance is not a quality of the act one commits, but rather a consequence of the application by others of rules and sanctions to an “offender”. Unfortunately, there are many examples of deviant behavior in our social environment. Such examples primarily include acts of violence, as well as their consequences: the shooting at Virginia Tech University that led to the death of 33 people; the shooting at a NASA facility that led to the end of life of two people. (Cambridge Dictionary of sociology, 2006) To understand deviant behavior, we must first examine the cultural and social norms,...
2 Pages(500 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Essay on topic EU Crisis and its consequences for FREE!
Contact Us