Euro zone

Beschreibung

Mindmap am Euro zone, erstellt von Andrew Mbuya am 04/05/2015.
Andrew Mbuya
Mindmap von Andrew Mbuya, aktualisiert more than 1 year ago
Andrew Mbuya
Erstellt von Andrew Mbuya vor fast 11 Jahre
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Zusammenfassung der Ressource

Euro zone
  1. Economic problems
    1. Deficits and debts
      1. Structural and micro issues
        1. Bubble
          1. Banks
          2. Political problems
            1. Monitoring
              1. All missed
            2. Institutions problem
              1. No sanctions
              2. ECB Inflation
                1. Controls - ECB
                  1. Inflation
                    1. Interest rates
                      1. Debt: 60%
                        1. Deficit: 3%
                          1. What was the sense of the rules?
                            1. Ought to have led to convergence
                              1. Had they paid attention, it would have worked well
                                1. Failure to obey rule killed applicability of sanctions
                                2. No bailout
                                3. Low interest rates
                                  1. Led to:
                                    1. Increased consumption
                                      1. Increased employment
                                        1. Increased productivity
                                          1. Increased investments
                                        2. Why EURO?
                                          1. Integrated steel and iron core
                                            1. Partially used for war tension
                                            2. Treaty of Rome
                                              1. Cross order trade
                                                1. Capital Flow
                                                  1. People
                                                    1. Currency
                                                      1. Stability
                                                        1. Union for competition
                                                          1. Big market => ability to scale
                                                          2. Developmental reasons
                                                            1. Create one market
                                                            2. Differences
                                                              1. Macro problems
                                                                1. Panic
                                                                  1. Structural
                                                                    1. Countries
                                                                      1. Greece
                                                                        1. Structural
                                                                          1. Macro
                                                                          2. Spain
                                                                            1. Labor
                                                                              1. Real estate overspending
                                                                                1. House bubble
                                                                              2. Portugal
                                                                                1. Structural
                                                                                  1. Labour : more productivity required
                                                                                    1. Market
                                                                                      1. Fiscal
                                                                                      2. Ireland
                                                                                        1. Housing bubble
                                                                                          1. Banks crushed after
                                                                                            1. Fiscal
                                                                                              1. Private and govt agreed to fix structural
                                                                                              2. Italy
                                                                                                1. Ease of business
                                                                                                  1. Fiscal
                                                                                                    1. Structural
                                                                                                    2. Germany
                                                                                                      1. Fiscal
                                                                                                  2. Solution?
                                                                                                    Zusammenfassung anzeigen Zusammenfassung ausblenden

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