The Impact of The Sovereign Debt Crisis on The Eurozone Countries

Trabelsi, Mohamed Ali (2012): The Impact of The Sovereign Debt Crisis on The Eurozone Countries. Published in: Procedia - Social and Behavioral Sciences , Vol. 62, (2012): pp. 424-430.

Abstract

The turmoil affecting capital markets since summer 2007 and its intensification since mid-September 2008 inflicted noticeable blows to world economy. These last years the euro-zone’s financial institutions seem to be seriously hit by aggravating tensions. In 2010, this crisis intensified with the Greek debt crisis. It dated back to autumn 2010 with the Irish public debt. In this paper, we analyse the recent developments in the eurozone, mainly the PIIGS (Portugal, Ireland, Italy, Greece and Spain) countries financial crises and the threats the eurozone risks. Finally, we propose some solutions for the crises.

• Item Type: MPRA Paper
• Language: English
• Keywords: Eurozone, Debt crisis, Growth, Sovereign risk
• Subjects: F - International Economics > F3 - International Finance > F34 - International Lending and Debt Problems; G - Financial Economics > G0 - General > G01 - Financial Crises; G - Financial Economics > G1 - General Financial Markets > G15 - International Financial Markets; H - Public Economics > H6 - National Budget, Deficit, and Debt > H63 - Debt ; Debt Management ; Sovereign Debt

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