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

2. Outline
Current status
Challenge & Suggestion

3. Current status

4. 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

5. Challenge & Suggestion

6. 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

7. 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

8. 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

9. 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

10. 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