Today the situation is such that here and there we have to read the news about the Eurozone crisis .It is not surprising, because this issue concerns the inhabitants of many European countries and excites everyone who is not indifferent to its future.
It should be noted that the debt crisis first touched only the peripheral countries that make up the European Union, but since 2010 it is safe to note the increase in the number of States that have experienced the intervention of this difficult situation in the life of the country.Now it is safe to note that almost all euro area is under the influence of the crisis, the source of which experts consider the situation in the government bond market in Greece.
eurozone crisis many associated with the inability to refinance public debt without interference, but rather help of intermediaries.By the end of 2009, many predicted a similar situation, observing an increase in the growth of the debt of the world, therefore, it should be noted that at the same time dropped the credit rating of a number of EU countries.
One can not say that the Eurozone crisis has the same reasons in different countries.Some states have come to this at the expense of emergency assistance provided by the Government of the banking sector.
It should be noted that Greece felt the significant increase in government debt due to a disproportionately high level of wages of civil servants and imposing the payment of pensions.
Speaking of the Eurozone crisis, the reasons which still remain ambiguous, experts are divided in opinion.Some believe that one of the important factors affecting the growth of the fund became a significant investment, not just in the period of 2000-2007., Which was formed from the savings of the private sector.This growth can be attributed to the fact that many global investors have reached a new level with a very high rate of economic growth.
euro zone debt crisis was made possible largely influenced by a number of factors that have had their one-time effects.For example, a sharp availability of credit in the period from 2002 to 2008, which instantly made it possible to issue substantial funds with significant risk.As a result, many lenders are in "deplorable" situation, faced with defaulters.Undoubtedly, the influence and the relatively low rate of economic growth, which continued from 2008 to the present day.
implementing the practice of providing state financial assistance to private holders and the banking industry also affected the development of the crisis.
Curiously, government bonds in most countries of the European Union considered that a constant that does not bear the risk of default.So, you can safely assume that Greece state with an impressive amount of safe types of investments that generate significant revenue.However, the Eurozone crisis largely changed the investment opportunities in many countries, so naturally became a conflict of interest of banks that engaged in assessing the likely repayment.
Such a loss of confidence in the bonds of national importance, of course, led to a significant increase in the cost of credit-default trunks that are indicative in the assessment of the creditworthiness of the country.Already in February 2012, several of the largest banks in Greece have agreed to the provision of collateral, which is estimated at $ 880 million. Euro, in order to get a guaranteed financial aid package.
wild card yet seen the end of this whole situation, residents of some countries collect a protest against the policy pursued by the government.For example, thousands of Spaniards took to the streets to take part in the so-called march on Madrid, which was held under the slogan "They want to destroy our country.We must stop it. "
Residents of many countries require urgent reforms and solutions that will be able to balance the economy and restore calm stable life for citizens.
