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- Title
AVRUPA BORÇ KRİZİNİN SEÇİLMİŞ ÜLKE ÖRNEKLERİ ÜZERİNDEKİ ETKİLERİ.
- Authors
ERARSLAN, Cemil; TİMURTAŞ, M. Emin
- Abstract
In the United States in 2008, resulting mortgages which originated the financial crisis has led to a debt crisis in European Union. It first began to show the effects of the crisis in Greece, in European Union in the following years, and peripheral countries showed a large spread after also being taken under the influence. The bursting of the real estate bubble formed in the mortgage market in the United States, has led to the fluctuation and loss of power in global financial markets. As of 2015, the effects of the crisis which is still occurring in 2009 in European Union is felt considerably. Before long, the impact of the crisis showed itself in countries with major problems in the accounts associated with public and private sectors in European Union. This issue was selected to examine the economic results on the EU countries of the debt crisis. The resulting mortgage crisis in the United States, since 2009 exchange rates, foreign trade and interest rates under the influence of the EU countries. Work in this context, the EU countries are effective factors in the emergence of the debt crisis to explain. The reasons for the emergence of the European debt Crisis and EU economies, the crisis that began in 2009, their effects on the question of what constitutes the basic problem is working. Examining the results of countries like Greece, Ireland, Portugal, Spain and Italy, we have reached the conclusion that structural problems in the national economies as the main cause of the crisis in Europe. Struggling with the debt crisis in EU Member States apply the narrowing fiscal policies, the budget deficit in the current account deficit as well as with variable can be said to be a success in part is captured. But despite the countries debt burden and a significant improvement in the unemployment rate. In fact, in many countries, public debt is constantly tend to increase. Unemployment rates are very high levels. When it is considered that termination of the effects of this crisis, and which is likely to be taken on behalf of the Union in the eyes of the abuses of the crisis required a few measures. First of all, instead of the current Troika formation within the EU each country equal approach may be the establishment of an institutional structure and trust. Secondly, the single monetary policy and a large number of finance policy must be stopped. The third unity in some countries implementation of the protection against the competition of who sector. Because all countries within the Union industry and services sector is not equal to the potential competition. This situation can improve throughput of the country and to provide an effective growth force is hampered. In addition, the EU Member States to bring it into line, the working hours of tax systems and financial systems development, companies are removing the barriers in front of laws through are also required.
- Publication
Gazi Journal of Economics & Business, 2015, Vol 1, Issue 2, p17
- ISSN
2149-4924
- Publication type
Article