Causes of the Euro zone debt crisis Eurozone Euro zone (also known as the Euro area) consists of those European Union countries which have adopted the euro as their currency. It currently has 17 member states such as Austria‚ Belgium‚ Cyprus‚ Estonia‚ Finland‚ France‚ Germany‚ Greece‚ Ireland‚ Italy‚ Luxembourg‚ Malta‚ Netherlands‚ Portugal‚ Slovakia‚ Slovenia‚ and Spain. Monetary policy of the Euro zone is the responsibility of the European Central Bank (ECB) which is governed by a president
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Will the Euro Survive POINT VICKY PRYCE‚ Senior Managing Director‚ Economic Consulting‚ FTI consulting In 2002‚ when euro notes and coins entered circulation‚ the dominant view among the 15 (now 23) member states using the currency was that it represented a big step toward ensuring peace and prosperity for the Continent. What people in individual European countries tended to overlook was that a single currency brings greater interference by members of the union in each state’s monetary‚ fiscal
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A country I like to visit – Spain Geography Qoutes about spain “Barcelona are my favorite team in Spain‚ let ’s put it that way.” – Frank Lampard “In the last 1‚000 years‚ the Arabs have translated as many books as Spain translates in just one year.” – Larry Elder “It ’s like a dream to come to Spain and stay for a couple of years and get somebody to teach me Spanish music.” - Lenny Kravitz Table of contents Introduction ___ 3 Country Geography - Climate
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* Lifestyle of Portugal: The population of Portugal is around 10 million. Out of this number‚ only a third lives in a city. The rest live in the beautiful rural areas of this relatively undiscovered country. The Portuguese are a social group of people. It is very common to see them in groups eating‚ drinking or dancing. The family is very important in Portuguese culture. Despite their easy going mannerisms‚ formality rules when people are introduced. However once friendships are established‚
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Will the Euro Survive? 1. Why are Greece‚ Ireland‚ Italy‚ Portugal‚ and Spain sometimes referred to as the euro zone’s “peripheral countries”? Greece‚ Ireland‚ Italy‚ Portugal‚ and Spain are the poorest in European Union. They are poor because of the unefficient and unsupporting system of the country to join the EU one-currency and trading system. Greece‚ Ireland‚ Italy‚ Portugal‚ and Spain are exploited by the centre EU countries. Their contribution in developing and maintaining the welfare
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SCENARIO 7 4. WHY SAVE EURO? 9 4.1 ALTERNATIVES 10 4.1.1 Split 10 4.1.2 Institutionalised austerity and ECB bailing out 12 4.1.3 ECB lends money to IMF and latter disburses loans with stiff conditionality’s 12 4.1.4 Creation of European treasury/ Empowering EFSF 12 4.1.5 United States of Europe and issuance of Euro bonds: 13 5. WAY FORWARD 14 TABLE OF FIGURES Figure 1: Prospects of the financial sector and sovereign spreads 7 Figure 2: History Repeats 9 Figure 3: Euro-area north-south
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| 2012 | | Clemens Hefner‚ Veronika Kucharzyk‚ Simona Pavlovic‚ Mira Strang & David Weitzl | Portugal [Political Risk Analysis] Index 1. General Facts……………………………………………………………………………….. 3 2. Political Criteria………………………………………………………………..................... 4 2.1 Political Balance of Power……………………………………………………….. 4 2.2 Political System & Political Stability………..……………………………………. 6 3. Domestic Economy………………………………………………………………………… 8 3.1 Development
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Portugal Portugal is a country on the Iberian Peninsula in South Western Europe. It largest city is Lisbon which is also the capital city. The official language is Portuguese and the population is increasing just over ten million. Portugal has a unitary semi-presidential republic (Assembly of the republic). Portugal is an integral part of PIGS – which is a particular economic group in the Euro Zone. Geographic Location: Portugal is located on the western coast of the Iberian Peninsula and plateau
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Culture of Portugal The country of Portugal has many rich cultural facets in food‚ music and sports. Situated on the west coast of the Iberian Peninsula that it shares with Spain‚ Portugal’s culture was shaped by the influences from the Latin‚ Visigoth and Muslim cultures. Many men in Portugal go into the Atlantic to catch fish while the women are homebound doing chores like house work or cleaning the fish. The men are the bread winners while the women are the housewives who take care of the home
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THE GREECE CRISIS. So what’s the problem in Greece? Years of unrestrained spending‚ cheap lending and failure to implement financial reforms left Greece badly exposed when the global economic downturn struck. This whisked away a curtain of partly fiddled statistics to reveal debt levels and deficits that exceeded limits set by the eurozone.Greece was living beyond its means even before it joined the euro. After it adopted the single currency‚ public spending soared. Public sector wages
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