the european debt crisis

Book Title : Democracy and Debt the European Debt Crisis
Author :
Publisher : Matt Buttsworth
Release Date :
Pages :
ISBN : 9781471031861
Available Language : English, Spanish, And French
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Book Title : Examining the European Debt Crisis and Its Implications
Author : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs
Publisher :
Release Date : 2013
Pages : 37
ISBN : MINN:31951D03678354G
Available Language : English, Spanish, And French
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Book Title : The Fall of the Celtic Tiger
Author : Donal Donovan
Publisher : OUP Oxford
Release Date : 2013-06-06
Pages : 352
ISBN : 9780191016042
Available Language : English, Spanish, And French
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By 2000, Ireland had achieved a remarkable macroeconomic performance: 10% economic growth annually, a budget surplus, and a very low debt to GDP ratio. Emigration had disappeared and there was significant immigration from Eastern Europe. Yet, by November 2010, output had collapsed to an extent unprecedented among post war industrial countries, the budget deficit was out of control, and the debt to GDP ratio had soared to around 100%. In an unprecedented development, Ireland was forced to apply for an emergency bail-out package from the Troika (European Commission, European Central Bank, and the International Monetary Fund). This book examines how the Celtic Tiger, a high growth performing economy, fell into a macroeconomic abyss. It is a story that shows how the Irish economy moved from a property market crisis to a banking crisis and fiscal crisis, and how these three crises led to a fourth crisis, the massive financial crisis of 2010. Against the backdrop of the newly created Eurozone, the book demonstrates how a housing boom was transformed into a property market bubble through excessive credit creation. Accompanying the market bubble, buoyant property related taxes enabled a profligate government to over spend and under tax. Few, either in Ireland or Europe, recognised the danger signals because the prevailing economic ideology suggested that financial markets could self-regulate. The book analyses the roles of banks, builders, developers, regulators (the EU, the ECB, the Central Bank of Ireland, and the Irish Financial Regulator), politicians, economists, the media, and a property driven populace during the various stages of the downfall of the Celtic Tiger. It pays particular attention to the decisions to provide a highly controversial comprehensive guarantee for the covered Irish banks in 2008, and the subsequent events that left the government with no alternative but to request the 2010 bail out. Throughout the book, attention is devoted to the allocation of responsibilities for the unfolding crises. First, who or what was responsible for what happened and in what sense? Second, could specific actions have been taken at various stages to prevent the final recourse to the bail out? Finally, the book addresses the future of the Celtic Tiger. It discusses the impact of measures to help resolve the current Euro debt crisis as well as the underlying lessons to be learned from this traumatic period in Ireland's economic and financial history.

Book Title : Examining the European Debt Crisis and Its Implications
Author : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs
Publisher :
Release Date : 2013
Pages : 37
ISBN : MINN:31951D03678354G
Available Language : English, Spanish, And French
DOWNLOAD READ ONLINE
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Book Title : European Sovereign Debt Crisis
Author : Bo Uta Michael
Publisher : LAP Lambert Academic Publishing
Release Date : 2015-07-13
Pages : 108
ISBN : 3659750417
Available Language : English, Spanish, And French
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Financial crisis exposed the bad state of European public finance. Budget deficits are so domesticated in Europe, that it is hard nowadays to encounter a budget surplus, or at least a balanced budget. Greece once again entered the history, but this time Greeks have absolutely nothing to be proud of. Financial crisis has reintroduced phenomenon known only from war periods - heavily indebted rich countries. European Union never imagined such situation could occur and threaten the existence of the Eurozone itself. There was no plan B. In my work I analyze the process of finding the plan B. Hundreds of billions euro were spent on bailouts of heavily indebted Eurozone Members. Using case studies of the most affected Eurozone economies I want to verify if the Euro was the cause of the European debt crisis. Last but not least, institutional changes of the EU aiming to strengthen economic stability of the Eurozone will be scrutinized.

Book Title : Resolving the European Debt Crisis
Author : William R. Cline
Publisher : Peterson Institute
Release Date : 2012-03-15
Pages : 293
ISBN : 9780881326499
Available Language : English, Spanish, And French
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What began as a relatively localized crisis in Greece in early 2010 soon escalated to envelop Ireland and Portugal. By the second half of 2011, the contagion had spread to the far larger economies of Italy and Spain. In mid-September the Peterson Institute and Bruegel hosted a conference designed to contribute to the formulation of policies that could help resolve the euro area debt crisis. This volume presents the conference papers; several are updated through end-2011. European experts examine the political context in Greece (Loukas Tsoukalis), Ireland (Alan Ahearne), Portugal (Pedro Lourtie), Spain (Guillermo de la Dehesa), Italy (Riccardo Perissich), Germany (Daniela Schwarzer), and France (Zaki Laidi). Lessons from past debt restructurings are then examined by Jeromin Zettelmeyer (economic) and Lee Buchheit (legal). The two editors separately consider the main current policy issues: debt sustainability by country, private sector involvement and contagion, alternative restructuring approaches, how to assemble a large emergency financing capacity, whether the European Central Bank (ECB) should be a lender of last resort, whether joint-liability "eurobonds" would be feasible and desirable, and the implications of a possible break-up of the euro area. The luncheon address by George Soros and a description (by Steven R. Weisman with Silvia B. Merler) of the policy simulation game played on the second day of the conference complete the volume. Involving market participants and experts representing the roles of euro area governments, the ECB, IMF, G-7, and credit rating agencies, the game led to a proposal for leveraging the capacity of the European Financial Stability Facility through arrangements with the ECB.

Book Title : The European Debt Crisis
Author : Ali Ari
Publisher : Cambridge Scholars Publishing
Release Date : 2014-03-17
Pages : 295
ISBN : 9781443857925
Available Language : English, Spanish, And French
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The recent global financial crisis is considered to be the most severe crisis which has led to a synchronised recession since the Great Depression in the 1930s. Europe is the most affected region in the world as a result of this crisis, and, as such, the sovereign debt crisis remains the most important issue in the Eurozone and threatens the future of the EU. This book provides answers, from both theoretical and empirical perspectives, to the following questions: What caused the global and European debt crises? What are the consequences of these crises? Why, despite the implementation of several policy measures, are these crises still affecting the world economy? What are the solutions to end the on-going crisis situation in the Eurozone? How can future crisis episodes in the world economy be prevented? Eleven quality papers from both academics and professionals are included in this volume, each of which provides a significant source, reference, and teaching supplement for researchers, policymakers and advanced graduate students. In addition, the papers collected here will also provide supplementary readings for advanced courses for graduate students in economics and European studies.

Book Title : The European Debt Crisis
Author : Costas Simitis
Publisher : Oxford University Press
Release Date : 2014-05-01
Pages : 355
ISBN : 9780719095795
Available Language : English, Spanish, And French
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In this first English translation, former Greek Prime Minister Costas Simitis examines the European debt crisis with particular reference to the case of Greece

Book Title : Public Debt Crisis in a Monetary Union
Author : Basil Tschümperlin
Publisher :
Release Date : 2014
Pages :
ISBN : OCLC:896806591
Available Language : English, Spanish, And French
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In the wake of the recent Eurozone crisis the present thesis elaborates the macroeconomic model of debt crisis created by Romer. The paper first defines essential factors, which based on the model, influence the solvency of sovereigns within a monetary union. In a second step, the suitability of Romer's debt model to explain the recent crisis will be verified. Germany and Greece are thereby used as role models. Finally, policy measures which should protect the European monetary union from future crisis are assessed. The evaluated factors were applied to the debt model to reconstruct the European debt crisis. The model succeeds in displaying the fundamental dynamics, which Germany and Greece underwent from 2000 until 2013 in a highly intuitive way. It therefore satisfies the expectations by showing graphically that Greece most probably would have gone bankrupt without external assistance while Germany quickly recovered from the crisis. However, the strong stylization of the model simultaneously constitutes its major setback. As it fails to grasp the complexity of a debt crisis including the "political bargaining" aspects, it is hardly usable as an early warning in attempt to model future scenarios. Moreover, reasonable policy measures that reach beyond a mere fight against symptoms cannot be derived. Nonetheless, the paper finds that the European stability mechanisms and to a certain extent Eurobonds reduce the susceptibility to speculative attacks and can provide stability if the regulatory framework is supervised more meticulously and if any breaches are punished more harshly.

Book Title : European Debt Crisis 2011
Author :
Publisher : epubli
Release Date :
Pages :
ISBN :
Available Language : English, Spanish, And French
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