Debt Crisis in Europe

Powerful Essays
Debt Crisis In Europe
Bilal Merjan
Hodges University

ECO 6705
Dr. Ray Kest
August 11, 2013

Table of Contents
Abstract…………………………………………………………………………..4
Introduction………………………………………………………………………5
Research Paper Question…………………………………………………………7
1.What Caused The Financial Crisis In Europe………………………………….7
2.Two Views On The European Economic Crisis………………………………10
3.Divided They Fall……………………………………………………………...11
4.Growth In Time of Debt……………………………………………………….12
5.Greece and The European Debt Crisis…………………………………………13
6.Battle of The Third Bailout…………………………………………………….14
7.One Year of Task Force For Greece…………………………………………...15 7.1.Administrative Reform………………………………………………16 7.2.E-Government………………………………………………………..16 7.3.Cohesion Policy Funds………………………………………………16 7.4.Simplification Procedures……………………………………………17 7.5.Providing Technical Assistance For Specific Projects………………17 7.6.Access To Finance…………………………………………………...17 7.6.1.Injecting Liquidity Into The Real Economy……………….17 7.6.2.Public Finance Management and Tax Administration……..17 7.6.3.Anti-Money Laundry………………………………………18 7.6.4.Anti-Corruption…………………………………………….18 7.6.5.Health Reform……………………………………………...19
8.The Battle of The Bailout and The Financial Assistance To Greece…………..19
9.The Role of The European Financial Stabilization Mechanism……………….20
10.Conclusion……………………………………………………………………21
References………………………………………………………………………..22

Abstract
This paper explores a brief history about the Europe Union and its relationship. The purpose of this paper is to highlight the issues of the financial and debt crisis in the Euro Zone. The role of the European governments, and how did they respond to this crisis. The main focus in this paper is on Greece’s financial and debt crisis, with the role of the European Financial Stabilization Mechanism. This paper shows a study about the economic growth and inflation at different levels of government and external debt. Also it shows the



References: Ergil, D. (2012). Two views on the European economic crisis. The Columnist , Retrieved from http://www.todayszaman.com European Commission (2012, October 15) European Commission. (2013). Financial assistance to Greece. Retrieved from website: http://ec.europa.eu Garton, T Giannoulis, K. (2013). The reasons behind the Eurozone financial crisis. NewEurpe, Retrieved from http://www.neurope.eu Marjolein, V OECD (2012), OECD Journal: Financial Market Trends, Volume 2011 Issue 2, OECD Publishing. Retrieved from: http://dx.doi.org/10.1787/fmt-v2011-2-en Panico, C Praet, P. (2013). The crisis response in the euro area. Retrieved from Europe central bank website: http://www.ecb.europa.eu Reinhart , C Reinhart , C., & Rogoff, K. (2010). Growth in a time of debt. National bureau of economic research, Retrieved from http://www.nber.org/papers/w15639 Taylor, J The Economist. (2011, May 26). World 's worst menu. Greece has no good options left. Retrieved from http://www.economist.com The Economist Wood, R. (2010). Foreign aid and development choices in the world economy. (2nd ed., pp. 21-138). Los Angeles: University of California press.

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