Is the Eurozone Recovering?

Slides:

Advertisements

Similar presentations

EU Days The Single Currency. Joining the Euro Introducing the Euro Introducing the Euro Economic and monetary union (EMU) comprises various stages. Economic.

Advertisements

The Euro in Crisis Uri Dadush Carnegie Endowment for International Peace Chicago, June 14, 2010.

Annual Growth Survey macroeconomic report Brussels, 6 February 2013 Kees van Duin Policy Coordination and Strategic planning Directorate General for Economic.

Conclusion of EFSF financial assistance programme for Portugal: an overview 18 May 2014.

SUOMEN PANKKI | FINLANDS BANK | BANK OF FINLAND Bank of Finland Bulletin 4/2012 Monetary policy and the global economy Governor Erkki Liikanen 12 September.

The Design and Role of Central Banks in the Global Economy.

Euro Challenge 2013 Delegation of the European Union to the United States The euro crisis: an update.

Chapter 11: The Euro and Financial Markets

Economic Experience and Crisis in the Euro Zone Carlos Hurtado* The Restructuring and Resolution of External Sovereign Debt World Bank. Annual Law, Justice.

The problematic natures of the EMU project Malcolm Sawyer University of Leeds.

Ch.1: questions  What are the roots of the EU (the background, the motivation, the main objective)?  Main dates of the EU (and why are they main dates,

Topics in EU Political Economy By Ivan F Dumka. Presentation Outline Economic and Monetary Union (EMU) –EMU in Overview –Key events –The Maastricht Treaty.

CHAPTER 1 Prepared by: Fernando Quijano and Yvonn Quijano CHAPTER 1 A Tour of The World © 2006 Prentice Hall Business Publishing Macroeconomics, 4/e Olivier.

Macroeconomic Policy in the Eurozone: Are There Alternatives to Slow Growth and High Unemployment? Mark Weisbrot, Co-Director Center for Economic and Policy.

The Euro. Euro nations: Austria, Belgium, Finland, France,Germany,Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal,Spain.

The EMS and the Euro. EMU Adopted by the Treaty on European Union of 1992 (The Maastricht Treaty) EMU designates the zone of countries within the EU which.

Macroeconomic Policy in the Eurozone: Are There Alternatives to Slow Growth and High Unemployment? Mark Weisbrot, Co-Director Center for Economic and Policy.

C A U S E S International factors: -Increased Access to Capital at Low Interest Rates -Heavily borrow -Access to artificially cheap credit -Global finance.

The pros, the cons and a little background on the creation of the euro

The Global and Serbia’s Economy CFO Summit Arandjelovac, June 1, 2012 Bogdan Lissovolik IMF Resident Representative for Serbia.

111 Monetary policy in the recovery process Prof. Zvi Eckstein Deputy Governor, Bank of Israel YPO

The European Monetary Union (the eurozone)

What is European Union and Euro zone. European Union Political Union Started Members Economic co-operation EU member states and affects 326 million.

Lecturer: Miljen Matijašević Session 4, 31 Mar 2015.

Why do PIIGS matter to the price of corn in Indiana? Philip Abbott.

The Global Economy European Monetary Union. European Union Emerged from post-WWII Europe –ECSC meant to end wars between France and Germany Evolved into.

The European Union and the Euro Crisis Layna Mosley Dept. of Political Science UNC Chapel Hill

Overview What we have seen : achievements Crisis less bad than feared What we can expect : challenges Fragile, slow and varied recovery What should be.

European Monetary Integration II. Dana Viktorová.

J.P.Morgan Chase IV ASTANA Economic Forum Astana, Kazakhstan May 3-4, 2011 S T R I C T L Y P R I V A T E A N D C O N F I D E N T I A L The Global Economy:

The first years (until the Great Crisis) Average annual GDP growth rate (%), 1999–2008:

MINISTRY OF FINANCE Rauno Niinimäki /1 Finnish experiences of EU and EMU The annual meeting of The Icelandic Travel Industry Association Reykjavik.

Stefan Ingves Extra meeting of the Riksdag Committee on Finance 16 August 2011.

The Euro’s Growing Pains Antonio de Lecea European Union Delegation to the United States of America ________________________________________________________________________.

Economic Policies Adopted by the European Central Bank Day 3 Group 4 MinhPhuong, Yu-Hin, ChingHung, Powen.

European Monetary Union. Evolution of the EU 1951: European European Steel and Coal Community. 1957: European Economic Community, the ‘Common Market’

Henry Kirse & Danielle Briggs.  WWII destroyed political and economic systems in Europe  1946 Bretton Woods Agreement  Created the International Monetary.

Section 4. Adjustment within the euro area References: 1. The 2006 EU Economy Review: adjustment dynamics in the euro area 2. Bruegel Policy No P.

 Used by 17 of 27 countries  Used for all payments starting in 2002  Should be used by all countries once they join THE EURO.

Better Off without the Euro? Evaluating Monetary Policy and Macroeconomic Performance for Denmark, Sweden and the U.K. Stefan Krause, Emory University.

AEGON Asset Management Olaf van den Heuvel Head of Tactical Asset Allocation CFA Forecasting dinner.

European Union Norbert Lajos. Main question Why isn’t EU working as well as USA? Crisis Culture difference History Geography Number of States People Prosperity.

Prof. Angel Saz-Carranza Director, ESADEgeo The European Union and The Interlocking Economic Crises 1.

Much Ado about EMU Andrew K. Rose Berkeley, Haas 1Andrew Rose, EMU.

Overview of the EU Economy in Summary from Economist February 18, 2016.

Balance of Payments and Exchange Rates. The Balance of Payments Account Meaning of the balance of payments The current account Meaning of the balance.

Eurozone Accession: Benefits and Costs – the Slovak case Peter Golias INEKO, Slovakia October 30, 2014 Budapest Business School, Hungary.

Economic and Monetary Union Muhammad Yusra International Relations Dept. Universitas Andalas-2011.

AdvantageDisadvantage 1 st Free Trade Area 2 nd Customs Union 3 rd Single Market 4 th Economic Union 5 th Monetary Union.

Greek bailout agreements

CISI – Financial Products, Markets & Services

The European Economic Crisis: Origins and Prospect for the Future

Creating a Eurozone that works

MINISTRY OF FINANCE REPUBLIC OF LATVIA

The Economic and Monetary Union (EMU) Name:Mohammed AlQahtani

BULGARIA – ECONOMIC PERSPECTIVES

Economic and Monetary Union

BULGARIA – ECONOMIC PROSPECTS

City of London School – extra information

Economic and Monetary Union

Issues Regarding Implications for EMU-Integration of Europe‘s Policy Response to the Fiscal Crisis Prof. Dr. Wagner.

European Economic and Monetary Union

Measures taken By the ECB, EC, FMI to tackle the crisis

The European union explained

Economic and Monetary Union

Euro Area Economic Performance Indicators

Sovereign debt and multiple equilibria

The European economy: stronger together

Sovereign debt and multiple equilibria

History, introduction and importance today

Presentation transcript:

Is the Eurozone Recovering? Group 2 Janet, Aven, Francia, Vera, Lily, Richard Is the Eurozone Recovering?

Outline Current status Challenge & Suggestion

Current status

Current status Brexit June 2016 2011 2012 2013 2014 2015 2016 2017 GDP growth 1.6 -0.08 -0.3 0.9 1.5 1.4 unemployment 10.2 11.4 12.0 11.6 10.9 10.1 9.8 Inflation 1,6 2.7 2.5 0.4 0.3 1.3 Source：Focus Economics

Challenge & Suggestion

Factors contributing to short term recovery Short term recovery is mainly due to low oil prices, a weak Euro and the European Central Bank's easing monetary policy

Criteria to join the euro the budget deficit does not exceed 3% of GDP national debt does not exceed 60% of GDP the inflation rate does not exceed the average of the three best performance of 1.5% in long-term nominal interest rate of not more than three lowest inflation within two years of continuous fluctuations in the exchange rate within 2.25% exchange Rate

Problems and Future of the EU economy EMU(Economic and Monetary Union) whether it can enhance the international competitiveness of the EU EMU can become EU international financial crisis firewall? EMU on the EU's overall economic stability and growth whether useful? Including inhibition of inflation, reduce unemployment and improve the financial stability of the financial markets EMU could be to promote further EU integration of the media industry Can EMU shared with the US dollar in international finance or international responsibility to contribute to financial soundness

How to solve problems EU work together with International Monetary Fund (IMF) to financially support those countries in trouble to solve the debt crisis rescue package of measures to expand the European Financial Stability Fund (European Financial Stability Facility, EFSF ahead of the implementation of the European stability mechanism (European Stability Mechanism, ESM) To introduce a more strict fiscal discipline

Challenge a large number of young refugees in Europe will help the development of the European economy the prime refugees will provide a lot of labor, which will boost GDP growth. (EU can solve the refugee problem in Europe looming labor shortage) The ECB hopes its bond-buying program to stimulate the eurozone economy