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The Impact of the Eurozone Crisis to Non-Member Economies: The Case of the UK - Essay Example

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The Impact of the Eurozone Crisis to Non-Member Economies: The Case of the UK by: [Insert Full Names] s] [Institution Affiliation] [Department] Abstract The European Union faces one of the most difficult challenges since its increased financial arrangement under the EU, which apparently has some members left out due to their national interests…
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The Impact of the Eurozone Crisis to Non-Member Economies: The Case of the UK
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Download file to see previous pages This project interrogates the impact of UK’s policy towards the Eurozone and the potential risks faced by the rest of the world. The unofficial interviews conducted on the UK’s delegation to the recent European summit in Brussels finds out how the opinion of the policy makers favours direct involvement of the UK into the Euro crisis. From the findings, a conclusion to the effect that the UK must improve its Eurozone policy is formulated. Table of Contents Abstract 2 Table of Contents 3 1. Introduction 4 1.1 Background 4 1.2 Thesis Statement 4 1.3 Aims and Objectives 4 1.4 Research Rationale 5 1.5 Hypothesis 5 1.6 Justification 6 2. Literature Review 6 3. Methodology 8 3.1 Research Action Plan 8 3.2 Procedure for Why Eurozone Crisis Is a Threat to Global Economy 9 3.3 Data Collection Tools 10 3.4 Results 11 3.5 Analysis and Interpretation of the Data 13 4. Conclusions and Recommendations 15 4.1 Conclusions 15 4.2 Recommendations 15 4.3 Areas Future Consideration 16 References 18 Appendix 19 1. Introduction 1.1 Background Opinion has emerged that the United Kingdom limited terms of involvement of the European Union in the Eurozone when compared to other economic powerhouses does the economic crisis in Europe more harm than good. On the other hand, proponents of the peripheral role that the UK has taken in resolving the economic challenges in the Eurozone claim that it is the best approach available for the domestic economy. Various perspectives taken on the debate however fail to quantify the magnitude of the costs and benefits that the UK policy presents to its domestic economy and development. In a comprehensive deliberation on the various risks involved in determining the most sustainable approach for the Eurozone and the UK, this research project embarks on a consultative interrogation of cues to make a conclusion as proposed by the thesis. 1.2 Thesis Statement The hands-off approach adopted in the UK’s Eurozone crisis policy affects the recovery progress of the domestic economy as well as reduces the value of confidence shown towards stability of the Eurozone monetary and fiscal ambitions. 1.3 Aims and Objectives The project aims to enumerate the significance of a unified and homogenous contribution of the European economic powerhouses to achieve the real benefits of the Eurozone. Specific aims and objectives of the project therefore involve: Aims Highlighting the importance of full economic cooperation and contribution by Eurozone members and other European economic powers Establishing the volatility of a disjointed contribution by the EU and of the economic body Objectives To demonstrate the risks faced by the Eurozone by virtue of UK’s peripheral presence in its economic matters To support UK’s direct involvement in the Eurozone using cost-benefit analysis To attribute Eurozone’s current poor recovery from debt crisis to disharmony in membership contribution 1.4 Research Rationale The dominant debate in Europe currently revolves on how the political governance and leadership have failed to deliver sustainable development to overcome the economic volatility occasioned by recent economic crisis. Governments continually find it difficult to overcome their liability in public debt fueling the Eurozone debt crisis yet the measures implemented today seem ...Download file to see next pagesRead More
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