Euro Crisis

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EURO CRISIS

PRESENTED BY :RAMESH INDRANIANKUSHSubmitted to: RVM Finishing School www.rvmfinishingschool.com+91-9550812082

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AGENDA

Introduction Euro Zone Causes Impact Remedies Conclusion


THE EURO ZONE

The European Union (EU) is an economic and political union of 28 members states.

17 European Countries are using Euro has their official currency.

The European Commission, The Council Of European Union, The Court Of Justice Of European Union, European Central Bank, The Court of Auditors and The European Parliament are the decision making bodies.


CAUSES OF CRISIS

WEAKFINANCE

• LOWER BOND REVENUE

• BANK BAILOUTS

WEAK REAL ECONOMY

• RATING AGENCIES

• VIOLATION OF EU RULES

WEAK GOVERNME

NT

• POLITICAL CONFLICTS

• INDECISIVE





MAJOR IMPACT OF EURO CRISIS


TIMELINE OF EUROPEAN DEBT CRISIS


BAILOUT- IMF & EUROZONE


REMEDIES

Political decisions should support the economic development.

Raise productivity Slash Spending Transparent Banking system Euro Zone countries should follow the

European Union rules strictly.


CONCLUSION:

The US crisis led to Global Financial crisis, which further spread to Euro zone and caused Euro Zone crisis, as the these countries were most affected.

Hence the Big Brothers should help the countries in the problem to come out from the crisis.

Education

Euro Crisis