The document discusses the European debt crisis and solutions. It began with deficit spending and borrowing by European countries leading to the 2008 global financial crisis. This crisis highlighted the need for united fiscal and monetary policies across Europe as well as austerity measures, but the lack of a fiscal union has made coordination difficult politically. Solutions involve greater fiscal integration and coordination of economic policies across European nations.

1. EUROPEAN
DEBT CRISIS
Areg Vardanyan
Marina Sedrakyan
Mariam Petrosyan
Oksana Petrosyan
Gevorg Beglaryan

2. UNITING EUROPE

3. REBUILDING EUROPE
Establishment of EU

4. Deficit Spending and Borrowing

5. Results

6. 2008 Global Crisis
AusterityMeasures
VS

7. United Fiscal and
Monetary Policies
Political Organization
Without Fiscal Union