European Debt Crisis

Topics: European Union, Euro, Economics Pages: 28 (9319 words) Published: June 14, 2011
Roger Williams University
DOCS@RWU
Honors Theses RWU Theses
5-11-2011
The Financial Crisis and the European Network
Georges G. Gautherin
Roger Williams University, ggautherin791@g.rwu.edu
This Thesis is brought to you for free and open access by the RWU Theses at DOCS@RWU. It has been accepted for inclusion in Honors Theses by an authorized administrator of DOCS@RWU. For more information, please contact mwu@rwu.edu. Recommended Citation

Gautherin, Georges G., "The Financial Crisis and the European Network" (2011). Honors Theses. Paper 3. http://docs.rwu.edu/honors_theses/3
The Financial Crisis and the European Network
Georges G. Gautherin II
Bachelor of Arts
International Relations
Feinstein College of Arts and Sciences
Roger Williams University
May 2011
2
Table of Contents
Abstract ........................................................................................................................................ 4 Lit Review ..................................................................................................................................... 5 Introduction ........................................................................................................................ 5 Network .............................................................................................................................. 5 Economic Interdependence ................................................................................................ 8 Financial Crisis of 2007-2011 ...........................................................................................12 Analysis ....................................................................................................................................... 13 The Unifying Factor ......................................................................................................... 13 Greece .............................................................................................................................. 14 Ireland .............................................................................................................................. 19 Portugal ............................................................................................................................ 22 Spain ............................................................................................................................... 24 The United Kingdom ....................................................................................................... 26 France ............................................................................................................................... 29 Germany ........................................................................................................................... 30 Implications for the Future ............................................................................................... 32 Works Cited ................................................................................................................................ 35 3

Abstract
The financial crisis between the years of 2007 and 2011 affected states everywhere both internally and in their interactions with one another. This essay seeks to focus upon European states and how they were able to recover from the financial crisis and how networking between and among the states evolved as a result of the economic crisis. The analysis for this essay will utilize a range of research materials to establish valid definitions for networking and economic interdependence in order to allow for a sound analysis of the networking between states during the 2007-2011 financial crisis. Due to the recent time period of the topic this essay will draw from both contemporary and older sources, including news articles, to aid in the analysis of the economic networks involving European states.

4
Lit Review
Introduction
It is the goal of this paper to...
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