The Impact of The Sovereign Debt Crisis on The Eurozone Countries
Mohamed Ali Trabelsi
MPRA Paper from University Library of Munich, Germany
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.
Keywords: Eurozone; Debt crisis; Growth; Sovereign risk (search for similar items in EconPapers)
JEL-codes: F34 G01 G15 H63 (search for similar items in EconPapers)
Date: 2012, Revised 2012
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Citations: View citations in EconPapers (7)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:76974
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