CRISIS

CRISISCRISIS

CRISIS

CRISIS CRISIS

CRISISCRISIS

CRISISCRISIS

CRISIS

CRISIS

CRISIS

Now, the crisis affects to Spain, Italy, Greece, Ireland and Portugal.

Germany, France and UK aren’t affected.

KEY POINTS ON FINANCIAL CRISIS

-The Town Council has less money, so it finds difficult to give money to all the public utilities. It has to increase taxes to

help pay for many things.

- Money circulation is the bank’s business, so a financial crisis means a banking system crisis.

-Banks are seen as scapegoats mainly in handing the funds of European Central Bank ( BCE)

-The excessive building of houses and invest too money in this.

- Not to pile up debts- Give a contribution to shops in order to keep

them open-Invest in activities that can give money back to

the Municipality- The business are going down the prices

because the people didn’t have enough money for them.

HOW TO OVERCOME THE CRISIS

- In Italy, Big financiers (bankers) made false claims, invested in risky ventures and financial speculations. They didn’t use loans for the benefit of the community. If there isn’t money, It

means unemployment increases.

In UK and Germany few years ago, there were a financial crisis but now, there isn’t.

Spanish people have invested a lot of money in building and later the people didn’t have money to buy them.

DIFFERENCES BETWEEN THE COUNTRIES

- We need also an economic recovery, more work and increased salaries.

- The government should do incentives for autonomous and business will employ people that incentiving, redducing or not collecting social security two years to the new business.

- The American government should has realized that indebtedness was extreme.

- We should change the politics.- Not raise taxes, electricity or water

POSSIBLE SOLUTIONS