The European Sovereign Debt Crisis: Responses to the Financial Crisis
Date
2011
Authors
Sandoval, Lazaro
Beltran, Erika
Ulziikhutag, Sodgerel
Zorigt, Temuun
Journal Title
Journal ISSN
Volume Title
Publisher
New Voices in Public Policy
Abstract
The ongoing European sovereign debt crisis continues to shake financial markets and the Eurozone. The International Monetary Fund and the European Union (EU) have acted swiftly to diminish panic and uncertainty by providing emergency assistance to Greece, Ireland and Portugal. However, uncertainty remains and queries have arisen over the vigor and effectiveness of multi-lateral institutions like the EU. This paper will establish the origins of the crisis, enumerate European and international responses, bring to light possible alternatives to implemented policies, and finally explore the broader implications for Europe, the United States and the rest of the world.
Description
Keywords
Debt, Public finance, Euro