The European Union has faced a number of challenges in recent years, from withdrawal of the United Kingdom (“Brexit”) to financial crises and political unrest in the southern tier countries (Italy, Greece, Spain) to controversy over the status of refugees. Pick one crisis and detail its nature and origins. What led EU members to disagree? How has the organization been affected by the tensions among its members? How will controversy affect the EU over the longer term? Will the organization persist, transform or fail? Defend your answer. Solution answer: The European debt crisis or Eurozone crisis is one of the biggest financial crises faced by European union. It started with the collapse of banking system in Iceland in 2008 and spread in member countries by the end of 2009. The European debt crisis originated due to the increasing government debt and the inability of member countries to repay the government debt. This crisis has affected the economies of member countries adversely and the member countries lost their confidence in EU because the union was unable to bring countries out of this debt crisis at affected their business and foreign trade. It created disagreement among its member countries due to the policies of EU to reduce the effect of debt crisis. The organization and its working has been negatively affected by the tension among its member countries and when United kingdom exited from the EU it did worsen the situation. If the controversy among member countries will persist for long time then its will affect the working and management of EU and will also create negative effect on the economy of member countries. The organization will definitely persist or keep going because it is one of the strongest organization of the world and also crises comes and goes and it makes organizations more stronger and efficient to face the problems..

1. The European Union has faced a number of challenges in recent years, from withdrawal of the
United Kingdom (“Brexit”) to financial crises and political unrest in the southern tier countries
(Italy, Greece, Spain) to controversy over the status of refugees. Pick one crisis and detail its
nature and origins. What led EU members to disagree? How has the organization been affected
by the tensions among its members? How will controversy affect the EU over the longer term?
Will the organization persist, transform or fail? Defend your answer.
Solution
answer:
The European debt crisis or Eurozone crisis is one of the biggest financial crises faced by
European union. It started with the collapse of banking system in Iceland in 2008 and spread in
member countries by the end of 2009.
The European debt crisis originated due to the increasing government debt and the inability of
member countries to repay the government debt.
This crisis has affected the economies of member countries adversely and the member countries
lost their confidence in EU because the union was unable to bring countries out of this debt crisis
at affected their business and foreign trade.
It created disagreement among its member countries due to the policies of EU to reduce the
effect of debt crisis. The organization and its working has been negatively affected by the tension
among its member countries and when United kingdom exited from the EU it did worsen the
situation.
If the controversy among member countries will persist for long time then its will affect the
working and management of EU and will also create negative effect on the economy of member
countries.
The organization will definitely persist or keep going because it is one of the strongest
organization of the world and also crises comes and goes and it makes organizations more
stronger and efficient to face the problems.