Got a tricky question? Receive an answer from students like you! Try us!

Current Events - Article Example

Only on StudentShare
Author : clementinatowne

Summary

Current Events The article in USA Today by Gabrielle Steinhauser titled as “EU Leaders Sign Financial Treaty with new Budget Discipline” presents a discussion on the signing of a financial treaty within the European Union purposely meant to prevent seventeen member countries from living beyond their means…

Extract of sample
Current Events

The article further highlights that there have been other separate treaties for the EU states against the new rules. Consequently, this move bars the new treaty from utilizing some of the institutions of the Union, including the European Commission to implement and monitor the treaty. The article further highlights fears of economists and leaders that the tighter rules may limit government maneuvers in tough economic situations enforcing Germany-style fiscal discipline on countries with completely different cultures and economies. Steinhauser also points out that Ireland pose the greatest threat to the success of the treaty, especially with its decision to hold a public referendum on the ratification of the treaty on Stability, Coordination, and Governance in the Economic and Monetary Union (Steinhauser). From a personal point of view, the treaty is a considerate action based on the European Social model of improving working and living conditions and sustainable economic growth. However, the fact that the treaty imposes a particular form of financial discipline may be unfair, considering that the majority of the countries in the Euro Zone have different economies and cultures. ...
Download paper

Related Essays

Leveraged Buyouts and Private Equity
According to the research findings leveraged buyout first came into the picture as an important phenomenon in 1980s. It was predicted that these types of organizations would form the major portion of organization which will eventually become the dominant one. These types of private equity firms involved themselves in various measures like providing incentives based on managerial abilities, and introduced the concept of active governance. They relied upon the possibility of junk bond financing. A few years later the junk bond market crashed resulting in bankruptcy of several leveraged buyouts…
13 pages (3263 words)
Events form the history which have been influenced by the tax policy issue
The paper tells that in current modern environment, the world is moving towards 5th generation. People always want to live in safe and healthy environment. The safe and healthy environment only possible when the all the internal systems of a country in controlled in effective manner. For this purposes, governments of different countries have made quality tax rules to run the internal systems in efficient manner. The people pay the money in the form of taxes to governments and governments spend this money to rum the system of their country. There are many interesting events in the history that…
9 pages (2259 words)
Stabilo company report and events recommendations
In 1996, the company was converted into a holding company. The company manufactures writing pens, colouring, cosmetics, markers and highlighters. As of today, Stabilo is the largest manufacturer of highlighter pens all over the world. 1.2 Culure of the Company The company’s culture is exemplified through their dedication in producing ground-breaking products and maintaining standards in their production processes. Stabilo has introduced the first colored copying pencil to the market, and has been a household name for the past 150 years. Unlike most companies, Schwan Stabilo allows its…
7 pages (1757 words)
Current and Non-Current Assets
Current assets can be defined as the set of assets which can be expected to be converted into cash readily in one year during the normal business cycle. These assets are also referred to as Liquid assets. Non-current assets which are also referred to as “Fixed assets” are the set of assets which can’t be easily converted into cash or not expected to become cash in a time span of one year. Current assets are also referred to as Liquid assets. Non-current assets are not directly sold to the organization’s end customers. The primary difference in current and non-current assets is in the…
2 pages (502 words)
Accounting Principles: Events After the Balance Sheet Date
This area of accounting standards is related to events, both favourable and unfavourable, that occur after the financial statements are prepared and are relevant to the contents of the financial statements. This paper examines some key elements of IAS 10. It begins by identifying the background and basis for the Accounting Standard, and goes on to identify its practical application, and in so doing, identifies some key components of Events after Balance Sheet Date. The paper also reports comparative analyses between the IAS and the US Generally Accepted Accounting Practice (GAAP). Background…
7 pages (1757 words)
Events Related to Long Term Capital Management, The Housing Crisis, and Current Events Related to Sovereign Debt in Europe
The global housing crisis refers to the peaking prices of housing that started around the latter part of 2006 and continues to manifest even presently. In 2008, the highest ever housing prices were recorded. Perhaps this was because of the global financial crisis that the world was undergoing during this time. The US is one of the countries worst affected by this housing crisis. The housing crisis is so serious because not only does it affect individuals, but it also affects the nation’s mortgage markets. In the US, this crisis has been called the bursting housing bubble. The European…
3 pages (753 words)
current issues in financial reporting
Because of this, there is a huge interest as well as apprehension regarding the basis upon which accounting data is collected and reported. Thus, the statement made by Solomons (1991) that ‘[i]f accounting is to retain any credibility – and without credibility it is worthless – its guiding light must be neutrality in financial reporting’, surely, assumes that the records on a balance sheet or profit and loss statement ought to be a precise indication of a business’s performance. This, unarguably, is the function of accounting. It is a language that explains as well as communicates…
5 pages (1255 words)