StudentShare solutions
Triangle menu

The Euro - Essay Example

Nobody downloaded yet

Extract of sample
The Euro

For instance, Germany has been accused to have benefited from the economic integration at the expense of other states like Greece and Italy, which have experienced enormous economic turbulence (Arestis 23). Many parties have argued that the absence of action by the euro leaders could worsen the euro crisis. There are, however, diverse arguments on whether the euro should be maintained or not.
It is imperative to note that the genesis of the euro problem is from both the government and the private sector. In Greece, for instance, the government mismanaged their finances despite the large amount of borrowings that it had made (Lynn 123). The loans were thus misappropriated instead of being placed in productive areas. The debt problem in Ireland, on the other hand, arises from the private sector – for instance, from the banks, which continue to lend to unproductive investments. Those who were granted loans from the financial institutions were, therefore, unable to finance their loans, and this led to a financial contagion within the sector. From both cases, it is crystal clear that the contribution of the financial sector to preventing currencies from collapsing or to controlling the economic performance is enormous.
The first school of thought contends that failure to take decisive actions could result into the spreading of the problem to other countries, which are still considered healthy. Consequently, the interest rates on government could rise, leading to an increase in the level of government debt. This could reach a point in which some countries could stop using the euro, thus aggravating the crisis. It, therefore, means that productive intervention and informed decisions made by the member countries would make the euro regain and flourish while failure to take appropriate actions could impair the existence of the euro (Soros 168).
In addition, European Union should advocate for a reduction in ...Show more
Cite this document
  • APA
  • MLA
  • CHICAGO
(“The Euro Essay Example | Topics and Well Written Essays - 1500 words”, n.d.)
Retrieved from https://studentshare.net/finance-accounting/528228-the-euro
(The Euro Essay Example | Topics and Well Written Essays - 1500 Words)
https://studentshare.net/finance-accounting/528228-the-euro.
“The Euro Essay Example | Topics and Well Written Essays - 1500 Words”, n.d. https://studentshare.net/finance-accounting/528228-the-euro.
  • Cited: 0 times

Summary

The debt crisis that has rocked a significant province of Europe has resulted in the intervention from economists, traders, politicians, and investors regarding the need to rescue the euro from potential collapse. With the economic and political integration in Europe, the use of…
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"The Euro"
with a personal 20% discount.
Grab the best paper

Check these samples - they also fit your topic

The reserch paper on The Euro Crisis
The euro crisis has affected as well as threatened the economy of the euro zone and may also adversely affect the future growth of the Euro, the currency of the European countries. In the year 1999, Euro was considered as a single national currency for all the European countries.
16 pages (4000 words) Essay
The Euro Essay
With the economic and political integration in Europe, the use of single currency means that a slight economic shock in one of the member countries affects the economic operations in other member states. Indeed, this year, 2012, is the year to either make or break the crisis that has seen economic slowdown in some European states and has made different sovereign countries pass the blame to other members.
6 pages (1500 words) Essay
Czech Republic Conversion to the Euro
The main problem of the paper is that many countries are coming now to one common currency. 16 states of EU have Euro as their official currency. All these states collectively form the ‘Eurozone’. Some other countries are also focusing on converting their official currencies to Euro. One state, which is of major concern today, is the Czech Republic.
4 pages (1000 words) Essay
Should Britain adopt the Euro
On January 1, 2001, 12 of the 15 countries in Europe replaced their currencies with the Euro so as to eradicate trading obstacles between European Union (EU) nations which was intended to increase trade and investment between these countries. This
4 pages (1000 words) Essay
Should the UK join the Euro currency
This essay gives detailed information about the European Union and its currency. The creation of the Union has been one of the most significant achievements of the European countries. The main target of the Community created was the formulation of a basis for free trade and transportation between the member states, gradually this target has been alternated.
39 pages (9750 words) Essay
Should the UK join the euro
The former believe that the disadvantages of joining outweigh its advantages and it is on this basis that we should not join. What joining the euro means for the UK is that the British pound will be replaced
4 pages (1000 words) Essay
EU communication strategy and the euro implementation
Expansion is the natural and inevitable direction that the EMU has been and continues to pursue; this is not enough, however, as each of the prospective Member States has to elect to join and adopt the euro, in a valid expression of national will. In the case
32 pages (8000 words) Essay
Britain and the Euro Zone
A great debate has ensued regarding whether or not Britain (and its two counterparts) should join the Euro Zone. The paper will discuss this subject
4 pages (1000 words) Essay
What caused the Euro crises of 2010
To be sure, the crisis was but self-inflicted, with deep roots in the systemic policy failures in the way the union’s monetary mechanism
2 pages (500 words) Essay
Should the UK join the Euro
Moreover, it can be affirmed that joining the Euro may promote price transparency and hence facilitate the entrepreneurs to obtain in-depth knowledge about the business market settings. It is worth mentioning that joining the Euro may
16 pages (4000 words) Essay
Comments (0)
Click to create a comment
Let us find you another Essay on topic The Euro for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us