European debt crisis

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I based this presentation on three articles that I found on the internet.

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European debt crisis

  1. 1. THE EUROPEAN DEBT CRISIS YVES DE STOMMELEIR 2FV2
  2. 2. CONTENT• Moving parts• Complex situation• Warning for wall street
  3. 3. MOVING PARTS• Financial transaction tax (FTT) • 40 billion euros• British already have a tax• Withdraw money from financial system in need
  4. 4. COMPLEX SITUATION• Straightforward solution• Little rescuedeal parts • Bailout fund of 1 trillion euros • 50 % drop of the debt of Greece • 106 billion bank bailout fund
  5. 5. WARNING FOR WALL STREET• Michael lewis• Wall street banks caused the great recession• Domino - effect
  6. 6. CONCLUSION• We need one big solution and no little plans
  7. 7. THANK YOU FOR WATCHING
  8. 8. SOURCES• Article 1http://www.guardian.co.uk/world/2011/oct/10/euorpean-debt-crisis-warning-us• Article 2http://www.guardian.co.uk/business/economics-blog/2011/oct/17/eurozone-rescue-deal?INTCMP=SRCH• Article 3http://www.guardian.co.uk/commentisfree/2011/oct/27/eurozone-crisis-bailout-deal

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