European Crisis

There is a very interesting phenomenon of the human society in the 21st century. In 2008, the pecuniary crisis which triggered by the sub-prime owe crisis was happened in the international pecuniary center, the US. Actually, financial crisis is a radical word after the American financial crisis had happened, there is yet a word called economic crisis. Marxs Das Capital late reveals that economy crisis is the inevitable ending of the monopoly stage of capitalist development, that is, the result of imperialism. However, what is happening now tells people that although the financial crisis was first occurred in the US, the US is not the country which strongly affected by the financial crisis. Since 2009, the reality is the atomic number 63an countries knocked down by the financial crisis. For instance, the Greek sovereign debt crises, Icelands bankruptcy, the debt crisis in Ireland, the poor economic role of Portugal and Spain. An other(a) example is the changing of the retirement age in France caused the strike and the United Kingdom reduce financial plan, etcetera Since then, these phenomena come to a clear conclusion: the US financial crisis is a scam towards European.



The so-called collapse of Lehman Brothers and the collapse of Fannie Mae and Freddie mack are the smoke to confused peoples eyes, since there is no other shocking and unpleasant news about America. But Europe does fall into a deep crisis, which also led to affectionate unrest. The situation at present make people has to convey this fact: what most badly hit by the financial crisis is Europe, and Europe is also the one which have been most seriously wounded.
The global financial crisis led to the deterioration of government budgets and pecuniary resource as nations utilized public expenditures to provide stability and stimulus. Reacting in a similar manner, Euro-zone nations faced their own strand of fiscal distress due to heavy borrowing practices, property bubbles and active above their means. The accessibility to...If you want to get a full(a) essay, order it on our website: Orderessay



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