The European Union (EU) consists of 27 European countires. The political System is based on two treaties which are as follows: Treaty on European Union (TEU) and Treaty on the Functioning (TFEU) of the European Union. Furthermore they constitute the Economic and Monetary Union (EMU) in which 17 states belong to the euro zone. [...]
Inhaltsverzeichnis (Table of Contents)
- Introduction
- Monetary policy in the European Union
- Figure
- European sovereign debt crisis
- Definition
- Causes
- Different approaches and political options in predestined European countries
- Greece
- Causes
- Approaches and political options
- Countermeasures taken by the Greek government
- Rescue packages provided by the EU and IMF
- Spain
- Causes
- Reaction of the government and the population
- Rescue package of the European Union
- Portugal
- Causes
- Help of the European Union
- Measures of the Portuguese government
- Ireland
- Causes
- Help of the European Union
- Measures of the Irish government
- Conclusion
- Bibliography
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This work examines the European sovereign debt crisis, specifically focusing on the challenges faced by Greece, Ireland, Portugal, and Spain. It explores the causes of the crisis and analyzes the different political and economic approaches taken to address the situation. The goal is to provide an overview of the crisis, its impact, and the various strategies employed by the European Union and the affected countries.
- The European Union's Monetary and Fiscal Policies
- The Causes of the European Sovereign Debt Crisis
- The Impact of the Crisis on Greece, Ireland, Portugal, and Spain
- The Role of the European Union in Responding to the Crisis
- Political and Economic Strategies Implemented to Address the Crisis
Zusammenfassung der Kapitel (Chapter Summaries)
The introduction provides a background on the European Union's political structure, the Economic and Monetary Union (EMU), and the convergence criteria outlined in the Maastricht Treaty. The second chapter explores the monetary policy implemented by the European Union, including the role of the European Central Bank (ECB) and the European System of Central Banks (ESCB).
The third chapter defines the European sovereign debt crisis and examines its causes. Chapter four delves into the specific challenges faced by Greece, Spain, Portugal, and Ireland. It details the causes of the crisis in each country, as well as the responses of their respective governments and the rescue packages offered by the EU and IMF.
Schlüsselwörter (Keywords)
This work focuses on the European sovereign debt crisis, the European Union, monetary policy, fiscal policy, convergence criteria, the Maastricht Treaty, the European Central Bank (ECB), the European System of Central Banks (ESCB), Greece, Ireland, Portugal, Spain, rescue packages, the European Union, and the International Monetary Fund (IMF).
- Quote paper
- Cathleen Wolf (Author), 2012, The crisis in the public finances of the Euro Zone countries on the example of the problems of Greece, Ireland, Portugal and Spain, Munich, GRIN Verlag, https://www.grin.com/document/208931
