碩士 / 健行科技大學 / 國際企業管理研究所 / 102 / Affected by the subprime mortage, the 4th biggest investment bank (Lehman Brothers) announced bankruptcy on September 15, 2008. The financial tsunami caused the volume of global trade had shrunk by 12% in 2009 and the GDP of all the countries in the world had had a recession. As a result, Greece kicked off the Euro zone debt crisis in 2009. And Sapin, the 4th largest in the euro zone and the world’s 12th largest economy, had sovereign debt crisis, too.
Following are the three main reasons for European debt crisis: Firstly, the structural problem including the economic gap and political conflict among EU members and EU ignored some members’ violations to EU rules. Secondly, EU debt crisis attributed to the enormous pension expenses and social benefits such as unemployment benefits and medical insurance. And lastly, it is an American conspiracy. The reason why the rating agencies continued to downgrade troubled euro area nations causing further rise in bond yields and creating difficulty in raising money by governments is to avoid Euro to replace US dollar’s hegemony.
EU set up the financial mechanisms and planned for Outright Monetary Transactions and Financial Transaction Tax to resolve the Euro debt crisis. And Spain’s Prime Minster Mariano Rajoy has set out a raft of austerity measures, budget cuts and new taxes to meet deficit target. Therefore, the result of the research is Spain will exit the current crisis.
| Identifer | oai:union.ndltd.org:TW/102CYU05321004 |
| Date | January 2014 |
| Creators | Mei-Yen Chen, 陳美言 |
| Contributors | Ko Wu, 吳克 |
| Source Sets | National Digital Library of Theses and Dissertations in Taiwan |
| Language | zh-TW |
| Detected Language | English |
| Type | 學位論文 ; thesis |
| Format | 69 |
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