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.
Nobody downloaded yet

Problems The Eurozone was Facing in 2011-2012 due to Poor Performances of Some Members and Their Resolving - Essay Example

Comments (1) Cite this document
Summary
This paper talks about the different challenges the Eurozone was facing in the years 2011-2012. The future of the euro area became questionable at the moment. Political, economic, financial and social problems in the Eurozone were adding up to the crisis. These problems needed to be solved…
Download full paper
GRAB THE BEST PAPER
Problems The Eurozone was Facing in 2011-2012 due to Poor Performances of Some Members and Their Resolving
Read TextPreview

Extract of sample
Problems The Eurozone was Facing in 2011-2012 due to Poor Performances of Some Members and Their Resolving

Download file to see previous pages... political, economic, financial and social challenges facing the Euro zone along and also explains the measures that can be taken to solve the crisis threatening the collapse of the Euro zone single currency – the Euro. Current political, economic, financial and social challenges facing the Euro zone Political problems in Eurozone Stiglitz (2011) has pointed out that more of political in nature rather than economic. In his opinion, “If Europe issues Eurobonds, debts are manageable. Even a 150 per cent debt to GDP ratio can be handled if interest rates are low enough, but if rates are high they cannot be”(Stiglitz, 2011). Many people have the illusion that the Eurozone problems are caused by economic factors rather than political factors. Such people believe that Europe is comparatively a stable political region and therefore political problems have fewer roles in causing any challenge to the functioning of Eurozone. However in reality, as in the case of many other regions in the world, political problems are causing more damages to the ambitions of Eurozone to become the strongest economic power in the world. For example, Greece is one Eurozone country which is facing huge financial problems now. Kotios et al, (2011) have pointed out that the inconsistent economic policies of Greece have contributed heavily to the downfall of Greece (Kotios et al, 2011, p. 263). Greece adopted some kind of economic policies which were unsuitable to the needs of the current economic climate. Their inconsistent economic policies affected Greece as well as Eurozone. “The European Central Bank is under pressure to bail out indebted countries by printing more euros. But it really isn't as straightforward as that” (Obama Accuses Eurozone of "Problem of Political Will", 2011)....
This paper describes the full range of political, economic, financial and social problems, that the Eurozone was experiencing in the years, following the global financial crisis. The crisis exposed weaknesses in Greece economy, as well as in economies of some other members. That economic problems in turn became the threat to the existence of the single currency. The paper also reviews set of economic measures introduced by the members in 2011-2012, that were aiming at overcoming the aftermath of the global crisis
The member of Eurozone countries have adopted Euro as their currency in order to reduce the formalities in money transactions of economic transactions between these countries. In short, Eurozone can be defined as a geographic and economic region that consists of all the European Union countries, that have fully incorporated the euro as their national currency.
The inconsistent economic policies of Greece have contributed heavily to the downfall of Greece. Greece adopted some kind of economic policies which were unsuitable to the needs of the current economic climate. That affected Greece as well as Eurozone. The ECB was under pressure to bail out indebted countries by printing more euros. Still, many of the European countries were against printing more euros to assist Greece like nations.
The absence of centralised political management was causing problems to the functioning of Eurozone. Each member countries were functioning independently and the political control of Eurozone over member countries was negligible.
Economic problems in some Eurozone member countries were causing problems in all the other members. Some ot them believed that the poor performances of Spain and Greece were retarding their growth also. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Problems The Eurozone was Facing in 2011-2012 due to Poor Performances Essay”, n.d.)
Retrieved from https://studentshare.org/macro-microeconomics/1394279-problems-the-eurozone-was-facing-in-2011-2012-due-to-poor-performances-of-some-members-and-their-resolving
(Problems The Eurozone Was Facing in 2011-2012 Due to Poor Performances Essay)
https://studentshare.org/macro-microeconomics/1394279-problems-the-eurozone-was-facing-in-2011-2012-due-to-poor-performances-of-some-members-and-their-resolving.
“Problems The Eurozone Was Facing in 2011-2012 Due to Poor Performances Essay”, n.d. https://studentshare.org/macro-microeconomics/1394279-problems-the-eurozone-was-facing-in-2011-2012-due-to-poor-performances-of-some-members-and-their-resolving.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
il
ilene93 added comment 2 months ago
Student rated this paper as
Brilliant paper! Used it to finish an assignment for a macro & microeconomics course. It was easy as ABC, for the first time in my life.
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Some Say I Was Poor
Although I did not have everything like a rich child would have, i had enough to get happy on. Starting from my home we had a problem of sanitation in our home which was somewhat difficult for us but as time went by we received the heavenly blessing of running water in our home.
3 Pages(750 words)Essay
Eurozone
Eurozone. Eurozone or Euro area is the name given to the economic and monetary union of seventeen countries from Europe. Their membership represents the fact that they have chosen to use euro as their sole currency for all purposes. These countries include “Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain” (Lynn, pp.
3 Pages(750 words)Essay
Methods for Resolving Small Scale Systems Problems
General systems theory analyses the similarities between systems from different platforms as common principles and concepts. Information systems denote the interaction between information technology and peoples’ activities that support operations, management and decision-making.
3 Pages(750 words)Essay
Applied Finance 2011/2012 Research Project
If there is increasing investment in education it also reflects that there will be improved standard of living in the country. LITERATURE REVIEW: Kelly, Marsh, and McNicoll (2002), are of the idea that education is one of the crucial elements for the improvement of the overall economic condition of any country.
4 Pages(1000 words)Essay
Eurozone
The euro is a single currency arrangement that came into theoretical operation between 12 members of the European Union in January 1999 (What are the arguments 2002). Two months after the euro was introduced as a cash currency on 1 January 2002, the euro has finally become the only legal tender currency in the 12 European countries (Schifferes 2002).
14 Pages(3500 words)Essay
1877: The problems facing America
Mistrust in an ineffectual government had left the public weary of corruption and factions in the South remained in an antebellum attitude. The progress that blacks had made with the constitutional amendments of the previous 15 years had been nullified as southern states refused to enforce the freedoms granted to the newly freed slaves.
3 Pages(750 words)Essay
Methods for Resolving Small Scale Systems Problems
Bertalanffy was the first person who described this theory. Remember, the objects described according to this theory may be single organisms,
3 Pages(750 words)Essay
Performances
An individual’s level of formality in the performance in front of certain audience is fundamentally depicted by the individual’s relationship with the audience as well as the purpose for which the performance is being
1 Pages(250 words)Essay
Problem/Solution Essay: What exactly are some of the problems the US is facing in regards to education and what are some solutions
Hancock in her Why Are Finlands Schools Successful? suggests that the success of this country did not come as a surprise: it is a gradual process of boosting the quality of teaching for several decades. It would not be a mistake to suggest that
3 Pages(750 words)Essay
Resolving Performance Problems with the Network
Should printers experience a problem, the administrators can request services of a technical support representative. This paper seeks to diagnose problems associated with the print server of company
1 Pages(250 words)Essay
Let us find you another Essay on topic Problems The Eurozone was Facing in 2011-2012 due to Poor Performances of Some Members and Their Resolving for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us