Euro Crisis

The recent economic crisis to the euro, the common currency of the European Union (EU), caused great concern about the EU and its currency. As the crisis continues, the role of domestic politics and the negative impact on the EU as institution will become clear. The country, especially Greece, is beginning to ignore the EU agreement, especially the most important aspects of the 1992 Maastricht Treaty. In the Maastricht Treaty, the Greeks ignored the basic economic norms that must be adopted to maintain EU member states. Opinion of Member States on the other side.

Therefore, the refugee crisis and the euro crisis are closely related. Since the outbreak of the euro crisis the EU has been divided into the prosperity center of Germany's leadership and the poor neighboring countries. Hundreds of thousands of refugees traveled from the areas devastated by wars all over the world to so many people in Europe, especially Syria. I hope that coming to Germany itself is an example of a new European reality. In addition, EU member states such as Greece have been unable to cope with the influx of refugees in the past few years, and eventually can not prevent further movement to the northwest to countries such as Germany and Sweden. Long-term austerity fiscal policy weakened the country

Berlin - Since the European crisis six years ago, the German leadership repeatedly emphasized that EU member states must solve their problems. For many Germans, the euro crisis is a debt crisis caused by the financial irresponsibility of individual members like Greece. Many people believe that the euro zone debt can not solve the euro crisis before the euro zone debt is integrated, but the Germans fear that it will subject the crisis country to the necessary structural reform pressure ing.

Given the name "crisis in Europe", it does not mean that the current crisis in the euro area is limited to the euro area. The euro area has exerted enormous economic impact on a global scale and the regularity of the crisis spreading in each euro area suggests the importance of how it deals with this problem. Crisis exists not only as a result of sovereign debt and bank finance problems but also in the real economy of structural problems. The euro area needs to change financial and fiscal policy and how to manage the financial system.