Nowadays European Union's economic crisis is a very major problem in the world. This article I will talk about the European Union's economic crisis and each national solution simply. In the article, I will discuss some of the measures of eurozone.
Germany, the EU's biggest economy, is heavily dependent on foreign spending. In the economic crisis in the eurozone, in economic policy objective selection, the German government's way is: price stability and high employment first in economic growth; Long-term and sustainable growth of short-term growth in priority, quality priorities in the growth of the volume growth. In the government task of greatly increased, pay attention to keep the government's fiscal balance.
Economic integration to European countries deal with the financial crisis of the basic policy combination convergence, include: nationalization, interest rate cuts and regulatory rules change. Lower bank interest rate is the most European countries use financial policy to stabilize macroscopical economy for common policy tool, the reducing the interest rate policy behind it is global economy moves deep-seated change.
The United Kingdom in November 6, 2008, the Bank of England cut its benchmark interest rate by 150 basis points , from 4.5% of the level of interest rates to 3% , which is the Bank of England Monetary Policy Committee since the policy of independence in 1997 , the most significant interest rate cut , but also far beyond the market had widely expected to cut interest rates by 50 basis points.
Germany, the EU's biggest economy, is heavily dependent on foreign spending. In the economic crisis in the eurozone, in economic policy objective selection, the German government's way is: price stability and high employment first in economic growth; Long-term and sustainable growth of short-term growth in priority, quality priorities in the growth of the volume growth. In the government task of greatly increased, pay attention to keep the government's fiscal balance.
Economic integration to European countries deal with the financial crisis of the basic policy combination convergence, include: nationalization, interest rate cuts and regulatory rules change. Lower bank interest rate is the most European countries use financial policy to stabilize macroscopical economy for common policy tool, the reducing the interest rate policy behind it is global economy moves deep-seated change.
The United Kingdom in November 6, 2008, the Bank of England cut its benchmark interest rate by 150 basis points , from 4.5% of the level of interest rates to 3% , which is the Bank of England Monetary Policy Committee since the policy of independence in 1997 , the most significant interest rate cut , but also far beyond the market had widely expected to cut interest rates by 50 basis points.
Reference:
http://ptnews.zjol.com.cn/putuo/system/2010/05/31/012182711.shtml
http://www.eurunion.org/eu/
http://www.ftchinese.com/column/007000012
Your blogs must be written in your own words - I don't think that 'bubble-fuelled private sector deficit' is the language you would normally use! Do you understand the phrase?
ReplyDeleteHi,Jeanette.I have modified my blog about the crisis in the eurozone.
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