This paper is concerned with the concepts of accountability; representation and control explain the euro debt crisis in detail. The author takes a deeper journey into the meaning of occurs of Euro sovereign debt crisis by use of definition of ARC to in-depth explain this issue. We propose further examination of the ARC relating to the Euro sovereign debt crisis in order to propose a prosperous and harmonious of Euro zone.
Table of Content
Abstract 1 1. Introduction 4 2. Summary 4
2.1 Objectives 4
2.2 Main arguments 4 3. Testing Methods 5
3.1 Methods of research process 5
3.2 Measuring the sentiment 6
3.3 An Eyeball Test 6 4. Conclusion 7 5. Reference 8
1. …show more content…
What to do about Greece; the euro crisis Source:The Economist (US). 402.8769 (Jan. 28, 2012): p12(US).
Greece’s economy has a big economic vulnerable problem that Germany and other countries do not want offer more money because the Greece’s government did not keep promises they made before. Bondholders do not get another hit.
In 2010, Greece was ranked 97 out of 183 countries on the World Bank's Ease of Doing Business Index. In 2011, it was ranked 109. Its rating in protecting investors was 154.^ Exacerbating, or exemplifying, this dismal performance were revelations that for several years, Greek 'statistical authorities' had falsified the accounts they were reporting to the European Commission." Greece and others have attracted. Its debt has been over 60% of GDP since 2002 and is now over 80%. The deficit was over 7% in 2009 and 2010.^ Germany's debt has also distended above 60% since 2002 and is about 83% (€2 trillion) in 2012. ( POLICY • Vol. 28 No. 1 • Autumn 2012 THE EURO CRISIS)
From 2010 to 2011, the rank of World Bank's Ease of Doing Business Index show that Greece ranked from 97 to109 out of 109 countries. Its debt from 60% of GDP (2002) to over 80 % (2012). The deficit was over 7% in 2009.
The debt crisis originate from Greece and ruinously stoking the sovereign debt crisis of Greece and then divergent to other euro countries, finally to the whole euro. 3. ARC and Euro sovereign debt crisis