financial crisis, the bankruptcy crisis of the Southern European countries. With euro’s crisis, countries scheduled to join the eurozone are struggling to choice.
So, We are understanding about the causes of the crisis and the correlation between the economy and the euro. Then we will predict the choice of countries scheduled to join the eurozone, through Compare the euro using countries with
crisis is hot issue in global financial market. Actually, this crisis is not today's new topic but from 2008, the effect of global financial crisis has been going on ever since. Korea also has the problem about increasing national debt affected by this crisis, so this Greek issue was concerned about in this sense. The Greek financial crisis was controlled by Greek government and also European Uni
European countries could raised funds at a low interest rate than in previous years after joined the Eurozone. This situations promoted unhealthy consumerism and gave the reason As a result, economical integration with little thought of political and cultural aspects led to collapse of whole europe.
In this paper, we look at the case of Greek financial crisis which is known for/as the startin
crisis solution, exchange rate management and financial policy coordination within the IMF have been designed to perpetuate the dominance of a few industrial countries, specifically the USA and the European Union member states. That is, the IMF lending decisions is a result of American policymakers and countries in which American banks are highly exposed and the governments closely allied with th
- Completion of all agreements at the Single European Act
- Completion of monetary integration
- Integration of European economic bloc
- Removal of currency risk
- Contribution to price stability
Demerits
- Structural imbalance within the Union
- Trade deficit
- Credit and Fiscal crisis