1. European economy
Presentation by Gilles De Poorter

2. Content.
- The problem
- Fixing the Eurozone
- The possible solution
- Conclusion

3. The problem.
• Financial problems in Greece.
• Are Italy and Spain next?
• Is the world economy in danger?
• The stuggle for a solution.

4. Fixing the Eurozone.
• France vs. Germany 
how to expand the firepower of EFSF?
• What about Italy and Greece? 
Debt-to-GDP ratio

5. The EFSF.
• Turn the EFSF into a bank
• Tap the ECB for funds
• Insurace for troubled countries
• A spin-off fund

6. Debt-to-GDP ratio.
Greece = +- 170%
Italy = +- 120%

7. The possible solution.
• €1 trillion bailout fund
• €106 billion bailout fund for banks
Magic money???

8. Conclusion.
• The Eurozone is still in danger.
• Can that complex plan be delivered?
• We need to be a European UNION