欧债危机TheEuropeanDeb

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1、TheEuropeanDebtCrisisTwodifferentconceptionsEuropeanUnion:madeup27countriestheEurozone（欧元区）:madeupofonly17countriesTheeuro（欧元）isalreadythesecondglobalcurrency，rankingonlysecondtothedollar.Europeandebtcrisismainlyreferstosovereigndebtcrisis（主权债务危机）TheEuropeansovereigndebtcrisisbeginsin

2、Greece,andlaterspreadtoItaly，Portugal,andSpain.PotugalItalyIrelandGreeceSpain（PIGS—thefivecountriesaboveisalsocalledPIGS,whichhavethemostriskygovernmentaldebt）Thedebtoftheeuropeancountrie（theratioofdebttoGDP)GreeceGreekgovernmentdebtcrisisSince1993，theratio(比率）ofdebttoGDPhasremaineda

3、bove100%.SomeCourses：1）theeffectofthefinancialcrisisbeginningin2008；2）Greeceisasocietywithhigh-levelwelfareandhigh-levelconsumption,whengreekeconomyturnsbad，thegovernmenthastoborrowmoney.Greece'srecentdebthistory,between1999and2010.People’sreactionGreekpeoplearedisappointedaboutthegov

4、ernment，andtheyareangrywithgovernment’sfinancialpolicy.TwoprimeministersresignedinaweekTheprimeministerofgreece——Papandreou（帕潘德里欧）resignedonNovember11TheprimeministerofItaly——Berlusconi（贝卢斯科尼）resignedonNovember12Thenewspaperssaidthatitiseasytochangetheprimeminister，butitisdifficulttoc

5、hangeeconomicsituationsinthosecountries.Greece’sdebtcrisisnotonlyaffectstheEuropegreatly，butalsohaveeffectsontheworldTheEffectsOnChina’sexportAffectedbythedebtcrisis,theeurofellagainstthedollar，whichmeanstheeurobecomescheaperrelatively.TherecentsharpriseintheRMBexchangerate(汇率）against

6、theeuromakesthesituationofChina‘sexportstoEuropemoreandmoresevere.thesameRMB=moreeuroAsaresult，China'sexportstoEuropemaydecline.TheEffectsOntheinvestorsMFGlobal（ManFinancial，全球曼氏金融）filedforbankruptcyprotection（破产保护）onOctober31，2011.MFGlobalisabigfinancialcompanyinAmerica.MFboughtbuyma

7、nybondsoftheeuropeancountrieslikeItalyandSpain.科尔津（JonCorzine）TheglobalstockmarketisalsoaffectedbytheEuropeandebtcrisisHelpsfromothercoutriesislimitedGermanyisthecountrywithlargestGDPinEurope，but,eventheGermanyprimeministeralsofeelverytiredtohelpGreece.Godhelpswhohelpshimself！Thankyou

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