The document discusses the Eurocrisis and its impact on Slovakia. It outlines several possible scenarios for how the crisis could unfold, including high economic growth, tax increases and spending cuts, defaults and decomposition of the Eurozone, inflation, or a transfer union with fiscal centralization and redistribution. The document also notes that government debt levels have risen dramatically since 1998 and that banks will be crucial in Europe's response to the crisis. It examines the burden that European Financial Stability Facility guarantees place on some economies.
This presentation explores the causes of the European debt crisis, timeline of the crisis, its extent, how it is being addressed, who is to blamed for the crisis and how it affects us.
The Greek government crisis (also known as the Greek depression) started in late 2009. It was the first sovereign debt crisis in the Eurozone later referred to collectively as the European debt crisis.
In 2012, Greece's government had the largest sovereign debt default in history.
On June 30, 2015, Greece became the first developed country to fail to make an IMF loan repayment. At that time, Greece's government had debts of €323bn.
This presentation explores the causes of the European debt crisis, timeline of the crisis, its extent, how it is being addressed, who is to blamed for the crisis and how it affects us.
The Greek government crisis (also known as the Greek depression) started in late 2009. It was the first sovereign debt crisis in the Eurozone later referred to collectively as the European debt crisis.
In 2012, Greece's government had the largest sovereign debt default in history.
On June 30, 2015, Greece became the first developed country to fail to make an IMF loan repayment. At that time, Greece's government had debts of €323bn.
The Greek government-debt crisis (also known as the Greek depression) started in late 2009. It was the first of five sovereign debt crises in the euro-zone – later referred to collectively as the European debt crisis.
The 1999 introduction of the euro as a common currency reduced trade costs among the Eurozone countries, increasing overall trade volume. However, labor costs increased more in peripheral countries such as Germany, making Greek exports less competitive. As a result, Greece saw its current account (trade) deficit rise significantly.
Causes:
Government spending
Current account balance
Tax evasion
Misreported debt statistics
SOLUTIONS IMPLEMENTED:
First Economic Adjustment Programme for Greece (May 2010 – June 2011)
Second Economic Adjustment Programme for Greece (July 2011 – present)
RECOMMENDATION TO THE CRISIS:
Exit the Eurozone or "Grexit"
Digital currency cards
Negotiate another bailout
European debt conference
Eurozone Crisis : A case study on GreeceAniket Pant
Our group was required to do a presentation for Financial Management on the Euro Zone Crisis. We took the example of Greece and did the study. Here are our slides.
Greece government debt crisis -cause, result and effect kasaken
I made this when I was in Canada as study abroad. I took business management course in KGIBC for 6 module. I learned business manner, economics, accounting, etc. Every modules had presentation, quiz and test. This is the one of presentation I had. thanks,
An attempt to cover different facets of ESD Crisis . Following ppt enumerate how it all got started and draws out rationale behind the formation of EU.
We all know Greece is in deep trouble after defaulting on its debt to the International Monetary Fund. Many Greeks blame the austerity measures for much of the country’s continuing problems. The leftist Syriza party rode to power this year promising to renegotiate the bailout.
The Greek economy is shrinking. At such times one of the tools available with government is to tinker with the currency. Unfortunately the Greeks cannot do so because they share their currency with other nations of the EURO region.
Today’s lesson by Prof. Simply Simple attempts to explain you the story of ‘Greece Crisis’ using an interesting analogy.
The Greek government-debt crisis (also known as the Greek depression) started in late 2009. It was the first of five sovereign debt crises in the euro-zone – later referred to collectively as the European debt crisis.
The 1999 introduction of the euro as a common currency reduced trade costs among the Eurozone countries, increasing overall trade volume. However, labor costs increased more in peripheral countries such as Germany, making Greek exports less competitive. As a result, Greece saw its current account (trade) deficit rise significantly.
Causes:
Government spending
Current account balance
Tax evasion
Misreported debt statistics
SOLUTIONS IMPLEMENTED:
First Economic Adjustment Programme for Greece (May 2010 – June 2011)
Second Economic Adjustment Programme for Greece (July 2011 – present)
RECOMMENDATION TO THE CRISIS:
Exit the Eurozone or "Grexit"
Digital currency cards
Negotiate another bailout
European debt conference
Eurozone Crisis : A case study on GreeceAniket Pant
Our group was required to do a presentation for Financial Management on the Euro Zone Crisis. We took the example of Greece and did the study. Here are our slides.
Greece government debt crisis -cause, result and effect kasaken
I made this when I was in Canada as study abroad. I took business management course in KGIBC for 6 module. I learned business manner, economics, accounting, etc. Every modules had presentation, quiz and test. This is the one of presentation I had. thanks,
An attempt to cover different facets of ESD Crisis . Following ppt enumerate how it all got started and draws out rationale behind the formation of EU.
We all know Greece is in deep trouble after defaulting on its debt to the International Monetary Fund. Many Greeks blame the austerity measures for much of the country’s continuing problems. The leftist Syriza party rode to power this year promising to renegotiate the bailout.
The Greek economy is shrinking. At such times one of the tools available with government is to tinker with the currency. Unfortunately the Greeks cannot do so because they share their currency with other nations of the EURO region.
Today’s lesson by Prof. Simply Simple attempts to explain you the story of ‘Greece Crisis’ using an interesting analogy.
Make It Your Own: Design A Makerspace for ALL WMS 2014 GaETC presentationWendy Cope
Presentation for Georgia Ed Tech Conference (GaETC)held 11/7/14 in Atlanta Georgia. Discover how to infuse your Makerspace with principles from the Stanford University Design School and how to help kids understand that THEY MATTER! Presented by Wendy Cope and Mark Smith, Woodstock Middle School (GA)
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Your suggestion system can only work well if people feel involved and if you have workable structure. Veech gives guidance on achieving those objectives.
The banking crisis in Europe is deep-rooted and will not be solved before toxic assets are written down. In addition, austerity measures will slow down growth which is much needed to alleviate bank's problems.
The European debt crisis (often also referred to as the eurozone crisis or the European sovereign debt crisis) is a multi-year debt crisis that has been taking place in the European Union since the end of 2009. Several eurozone member states (Greece, Portugal, Ireland, Spain and Cyprus) were unable to repay or refinance their government debt or to bail out over-indebted banks under their national supervision without the assistance of third parties like other eurozone countries, the European Central Bank (ECB), or the International Monetary Fund (IMF).
The eurozone crisis was caused by a balance-of-payments crisis (a sudden stop of foreign capital into countries that had substantial deficits and were dependent on foreign lending). The crisis was worsened by the inability of states to resort to devaluation (reductions in the value of the national currency).
It’s good to understand Europe’s debt crisis and why it’s affecting
U.S. markets. Here’s an overview of how the European Union
operates, why the euro is in danger, and what the crisis could mean
to American investors.
It’s good to understand Europe’s debt crisis and why it’s affecting
U.S. markets. Here’s an overview of how the European Union
operates, why the euro is in danger, and what the crisis could mean
to American investors.
It’s good to understand Europe’s debt crisis and why it’s affecting
U.S. markets. Here’s an overview of how the European Union
operates, why the euro is in danger, and what the crisis could mean
to American investors.
It's good to understand Europe's debt crisis and why it's affecting U.S. markets. Here's an overview of how the European Union operates, why the euro is in danger, and what the crisis could mean to American investors.
It’s good to understand Europe’s debt crisis and why it’s affecting
U.S. markets. Here’s an overview of how the European Union
operates, why the euro is in danger, and what the crisis could mean
to American investors.
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Having invested in RES in their building (at least 100 kW power installed capacity for the production of electricity or heat) or Consuming RES energy produced within the same industrial area.
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What is Enterprise Excellence?
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What might I learn?
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Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
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www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
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10. Possible Scenarios
high economic growth, EU grows out of debt
dramatic increase in taxes, dramatic cuts in
social benefits and pensions – debt repayment
defaults - Nordic €, decomposition of EMU? –
New Deutsche Mark? SK in or out? Plan B?
inflation (Quantitative Easing or similar facility
of buying bonds for new money produced by
ECB, LTROs)
transfer union / fiscal centralization – “fiscal
compact”, redistribution of wealth and losses
among EU countries, ESM, moral hazard,
tragedy of the commons, central planning,
slow growth, instability – nationalism, no real
“European citizen”
11.
12.
13. EFSF Guarantees as % of Public Revenues –
Burden on Economy in Convergence Process
vysvetli implicitnu garanciu severu, ecb ako spolocnu pastvinu, pravidla paktu stability a rastu nefungovali, ako ecb akceptuje dlhopisy krajiny, z nich sa potom stavaju de facto rezervy, a existuje dopyt zo strany KB. politici potom dlhopismy de facto tlacia peniaze.
keď sa zamyslíme ako by sme zadefinovali zlyhanie eurovalu pri jeho zakladaní – nedospeli by sme k odpovedi ktora je identicka so sucasnou reliatou? Sirenie , taliansko ecb dlh riešime dlhom, ale problém sú deficity, tlak na ich znižovanie euroval odstraňuje
Takto sme pre rokom a pol zacali. Skuste sa zamysliet, ako by ste tesne po zavedeni zadefinovali neuspech.vravelo sa ,treba upokojit situaciu. co sa vravi dnes? Co je podstatou problemu? Vydavky vyssie ako prijmy krajin. Krajiny su nesolventne, nie nelikvidne. Euroval tieto dlhy este viac zvysuje (napriek tomu, ze sa to vola zaruka) krizu zhorsuje a stahuje ostatne krajiny do priepasti.
Nevyzerá neúspech presne takto?
Nevyzerá neúspech presne takto?
Nevyzerá neúspech presne takto?
Nevyzerá neúspech presne takto?
Slovenský podiel na nástroji je 0,824 %, čiže 5,83 miliardy, z toho hotovosť tvorí 659 miliárd eur. Platby sú rozdelené na viacero rokov. Slovensko bude musieť svoj podiel v novom eurovale zaplatiť v piatich splátkach, pričom celkovo počas piatich rokov zaplatí 659,2 mil. eur a celková výška akcií upísaných Slovenskom bude predstavovať sumu 5,768 mld. eur. (131,84 mil. eur/ročne)
Slovenský podiel na nástroji je 0,824 %, čiže 5,83 miliardy, z toho hotovosť tvorí 659 miliárd eur. Platby sú rozdelené na viacero rokov. Slovensko bude musieť svoj podiel v novom eurovale zaplatiť v piatich splátkach, pričom celkovo počas piatich rokov zaplatí 659,2 mil. eur a celková výška akcií upísaných Slovenskom bude predstavovať sumu 5,768 mld. eur. (131,84 mil. eur/ročne)
Slovensko by teda muselo zvýšiť dane dvakrát viac ako napríklad susedné Rakúsko. Čo by to spravilo s relatívnou príťažlivosťou Slovenska v očiach zahraničných investorov, ktorí sú hlavnými strojcami „ekonomického zázraku“ posledných rokov na Slovensku je zrejmé. Možno aj to je jeden z dôvodov, pre ktorý nás investori za členstvo v menovej únii v posledných mesiacoch trestajú.
Základným princípom dohody teda je, že 200 miliárd eur z EFSF, ktoré sa doteraz zaviazali na poskytnutie pomoci Írsku, Portugalsku a Grécku sa dali bokom a v júli 2012 neprejdú do ESM, tak ako bol pôvodný zámer. Trvalý euroval teda začne s plnou kapacitou, hoci záchranné programy budú pokračovať. Nevyčerpaných 240 miliárd eur z EFSF bude slúžiť ako rezerva na zavolanie. Maximálna efektívna úverová kapacita je stanovená na 500 miliárd eur, na jej dosiahnutie je potrebná 700-miliardová kapitálová základňa. Krajiny eurozóny v hotovosti zložia 80 miliárd eur, zvyšných 620 miliárd má formu kapitálu na požiadanie a garancií. Proporcia týchto nástrojov je flexibilná.
