Decision Making - Euro Crisis - Case Study Example

The most affected commodity is the price of oil. The price of oil and petroleum products in Africa is mostly controlled by rab nations. This leaves them with no choice than to acquire the commodity in the stated price. The Euro zone has become more sensitive in trying to solve this issue. This because the forecasted effects of the crisis look fatal for the euro zone. The most substantial factors considered are how to clear debts in the financial crisis and how to appropriately manage the financial aid given to the nations in euro zone.

So far the resolution strategy has not born fruits yet which makes the third world countries lose hope in finding solutions from the two financial heads. The European Union is also affected by the crisis and stares in the brink of losing its economic superiority. This paper will focus on the effects of the crisis to the European Union and also the leadership strategy that EU will use to curb the crisis. Additionally it will focus on the crisis effect on the leadership of the European Union. In the modern century, superiority of nations is measured by their ability to successfully be part of a function economic zone.

The economic zone not only shields nations from financial uncertainties but also in provide member nations with development funds. According to Guscina & Broeck this strategy is proven to have the most significant results in the sustaining the economy of nations in the current economic conditions (311). The author argues that all financially stable nations have a well organized zone at their disposal. Taking for instance the Arabic countries, nations in this region had the poor financial capabilities.

In the modern century, these nations have become bearers of the most financial stable economies around the world. This is after the realization of a joint zone financial operation. Comparing the Arab world to the euro zone, the difference lies in the fact that the euro