Professional Documents
Culture Documents
DEBT CRISIS
CONTENTS
What is euro zone ?
What is euro zone crisis?
Country affected and impact on
them...
Present condition .....
Solutions.....
Euro zone
Administration
of euro zone
The monetary policy of all countries in the
eurozone is managed by the europian central
bank (ECB)
Whereas
all EU member states are part of
theEuropean System of Central Banks(ESCB).
The eurozone is represented politically by its finance ministers,
known collectively as theEuro Group, and is presided over by a
president, currentlyJerom Disselibelbolem
Reasons
GDPStatistical
Government
Government
Budget
of
growth
crisis compliance:
rates:
deficit
credibility
debt-level:
REOSON
PORTUGAL
inflated top management and
head officer bonuses and wages
in the period between
thecarnation revolution
in 1974 and 2010. Persistent and
lasting recruitment policies
boosted the number of
redundant public servants.
Riskycredit, public debtcreation
SPAIN
Debt was largely avoided by
the ballooning tax revenue
from the housing bubble,
which helped
accommodate a decade of
increased government
spending without debt
accumulation
IRELAND
EFFECTS ON INDIA
INDIA EXPORT TO EUROPE COULD WITMESS
ASLUMP CLOSE TO 10%
EXPORT DRIVEN SECTOR SUCH AS TEXTILE
AND SOFTWARE ARE LIKLY TO BEAR THE
BURNT
ABOUT 22-28 REVENUES OF INDIAs top tech
major come from Europe whose revenue ids
affected
govt overall target of $200 million fiscal could
At stake.
CHECKS
European Financial Stability Facility (EFSF)
Quarries?
Thanks