The European Crisis

"The crisis in Europe has ended, growth has resumed, we can now ease the feasibility of the euro area" debate and evaluation. Since the introduction of the euro zone in 1999, it has become a central debate of economists. Expand trade and promote growth by creating more integrated financial markets for investors. It allows Member States to abandon the risks and costs of exchange rate volatility, which means more economical stability and growth.

The European debt crisis (also commonly referred to as the euro area crisis or the European sovereign debt crisis) is a multi-year debt crisis in the EU since the end of 2009. Several euro zone member countries (Greece, Portugal) have no other euro area countries, and third country assistance such as the European Central Bank (ECB) or international organizations (Ireland, Spain, Cyprus) Can not repay or refinance debt or oversee the state Bank IMF (IMF) to relieve excessive debt

Europe and Asia crisis as major European and Asian banks were found to have billions of dollars of toxic debt related to US subprime mortgage loans. . Countries repeatedly attempted to lower interest rates on central banks and began to fall into recession and bank relief and various stimulus measures could not hinder the ongoing crisis. Even after the European Central Bank failed to implement austerity measures in some European countries, public debt continues to increase, the European Central Bank continues today, it should not change until 2018 Unique quantitative We began implementing mitigation programs.

Due to the European debt crisis and the emerging tension of the European immigration crisis and the emergence of right-wing populism, doubts about Germany's identity around 2010 are intensifying. A German alternative party was founded in 2013, opposing further integration in Europe and relief to other countries. The European debt crisis from its founding to 2017 adopted a position of nationalist and populist, refused German guilt about the Nazi era and demanded that Germans be proud of their history and achievements. In the European Parliament election in 2014, new democracy won the first seat of the European Parliament.

Manfred Weber, the head of the European Parliament's European People's Party (EPP), warned that the crisis in Catalonia may cause a new European crisis, as happened in Greece in 2015. Yesterday morning, European Council President Donald Tusk warned President Karls Puydmont in Catalonia not to declare independence. But more generally, Brussels is promoting a dialogue between Madrid and Barcelona. In this dialogue, Simon Tubo tried to establish a parallel relationship between Catalonia's crisis and other violent territorial disputes such as Northern Ireland, Cyprus, Bosnia and Herzegovina. According to Toubeau, the EU needs to mediate between national authorities and regional authorities. However, he acknowledges that many "creativity" is necessary. Toubeau sought the European Parliament to adopt a resolution to condemn this situation, but it requires assistance from all other EU institutions and EU leaders.