The Eurozone's biggest-ever crisis

2,926 views
2,797 views

Published on

The problem
The problem countries
The cutbacks
The European solutions

Published in: Economy & Finance, Business
0 Comments
2 Likes
Statistics
Notes
  • Be the first to comment

No Downloads
Views
Total views
2,926
On SlideShare
0
From Embeds
0
Number of Embeds
29
Actions
Shares
0
Downloads
110
Comments
0
Likes
2
Embeds 0
No embeds

No notes for slide

The Eurozone's biggest-ever crisis

  1. Maarten Thomas
  2. Index 1. The problem2. The problem countries3. The cutbacks4. The European solutions5. Conclusion Maarten Thomas 2
  3. The problem  Economic recession Growing government deficit & national debt Financial problems Greece Lower appreciation Euro Maarten Thomas 3
  4. The problem countries  Portugal Italy Ireland Greece Spain Maarten Thomas 4
  5. The cutbacks  Necessary to repair confidence European supervision required Critical point:  They hit the ordinary citizen  Could slow down economic recovery  Businesses get less government tasks  Decreasing purchasing power Maarten Thomas 5
  6. The European solutions  The European Stability & Growth Pact  Maximum government deficit The European Financial Stability Facility  Temporary need fund  permanent need fund Plan Merkel & Sarkozy  Tighten up supervision  Punishing Maarten Thomas 6
  7. The European solutions  New measurements  Part of Greeks debt acquitted  Need fund needs to grow  Supervison of the government finances will be tightened up  Banks must keep more money in cash Maarten Thomas 7
  8. Conclusion  Outlook is gloomy Last wake-up call Determined action is needed Maarten Thomas 8

×