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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
THANK YOU FOR WATCHING
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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European debt crisis