Second Episode of the Global Crisis: 2011European Debt Crisis

Abstract

Measures for 2008 Global Economic Crisis cause a new crisis at 2011. Irreducible budget deficit, decreasing economy, great debt stock cause concern about sustainability of debt for some European economies. For ceasing ecomomic crisis, ECB takes some monetary policy measures; EFSF and monetary expansion are in place. This article aims to explain existing and oncoming conditions of European economies. Methodology is setting representative and containing suitable period data set from primary resources.