European debt crisis

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yvesdestommeleir

I based this presentation on three articles that I found on the internet.

Economy & Finance Business

THE EUROPEAN DEBT
CRISIS
YVES DE STOMMELEIR
2FV2

CONTENT

• Moving parts

• Complex situation

• Warning for wall street

MOVING PARTS

• Financial transaction tax (FTT)
• 40 billion euros

• British already have a tax

• Withdraw money from financial system in need

COMPLEX SITUATION

• Straightforward solution

• Little rescuedeal parts
• Bailout fund of 1 trillion euros
• 50 % drop of the debt of Greece
• 106 billion bank bailout fund

WARNING FOR WALL STREET

• Michael lewis

• Wall street banks caused the great recession

• Domino - effect

CONCLUSION

• We need one big solution and no little plans

SOURCES

• Article 1
http://www.guardian.co.uk/world/2011/oct/10/euorpean-debt-crisis-warning-us

• Article 2
http://www.guardian.co.uk/business/economics-blog/2011/oct/17/eurozone-
rescue-deal?INTCMP=SRCH

• Article 3
http://www.guardian.co.uk/commentisfree/2011/oct/27/eurozone-crisis-bailout-
deal

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