The document discusses the European financial crisis and identifies some of its key causes and potential solutions. It states that the crisis was caused in part by poor management of US banks that made risky mortgages and loans, dragging European banks into crisis as well. It also notes that different European countries were impacted to varying degrees, with Spain, Italy, Ireland and Greece hit harder than countries like Germany. Some proposed solutions include reforming banking systems, increasing jobs and salaries, and incentivizing businesses to hire more people.

1. How to be european
active citizens to help
overcome the crisis:

2. Identify key points on financial crisis
and how to overcome it.
The crisis is an
economic situation
which the countries are
disadvantages because
their economy is low,
deficits are created and
the people think that all
has been caused
principally by the abuses
in the politics and of
course by the banks.

3. Identify key points on financial crisis and how
to overcome it.
They say that there is a
big, strong crisis
because, among other
things, a property that
was a few years ago and
also, in consequence of
the poor management
of United States banks
that made dubious
mortgages and loans
that they couldn’t
recover and that
dragged all banks in
the European Union
into a financial crisis.

4. Identify key points on financial crisis and how to
overcome it.
The people overcome it
working, living their
ordinary lives but with
head and not spending
a lot of money, not to
have mortgages that
they can’t pay, etc. but,
also they think that the
government must
change her systems,
and help the people
with no money, not
always the rich people.

5. Compare what has happened in the partners’ home
countries.
In particular in England,
the crisis affected two years
ago quite a bit, but today it
isn’t affecting very much
and now there isn’t a
recession like in Spain,
Italy or France. In other
countries the crisis is
affecting more, like in
Spain, in Italy or in Ireland.
In some countries, like
Germany, the crisis doesn’t
affect them. In Italy, the
bankers made false claims,
invested in risky ventures
and financial speculations.

6. Compare what has happened in the partners’
home countries.
They didn't use loans
for the benefit of the
community. There isn’t
money and it means
that unemployment
increases. Spanish
people have invested a
lot of money in
building and later the
people didn't have
money to buy them.

7. Identify possible solutions.
Some people think that we
need to do the same that
Iceland people did: they
have kept all the bankers
and corrupt politicians who
had a deficit and a
enormous crisis, and that
today have surplus. In
conclusion, locking up all
the persons that are guilty
of this crisis. Also we can do
other things, like buying our
European products and not
the ones of the other
countries. We need also an
economic recovery, more
work and increased salaries.

8. Identify possible solutions.
The government should
do incentives for
autonomous and business
will employ people that
incentive. We should
change the politics. Not
raise taxes, electricity or
water. European people
think this crisis can be
avoided if banks and
governments give more
loans to companies, which
will produce more
products and sell it to
other countries.

9. THE END