The Cause And Enlightment Of The European Sovereign Debt Crisis

Sovereign debt crisis which starts by Greece nearly spread to the whole Europe, leading many European countries to fall into sovereign debt crisis. As a new kind of crisis form, the sovereign debt crisis has aroused public concern internationally. Different from previous economic crisis, national sovereignty presents itself credit risks in this crisis and the debt risk seriously threatens country prestige. The European sovereign debt crisis not only brings great losses for European economy but also has bad influences for global economy. Because of different crisis degree of European countries, flaw of European Union system, etc, the sovereign debt crisis has great difficulty in solution.The European sovereign debt crisis gives a warning to China. How to manage various risks of Chinese government debts learning from the European sovereign debt crisis is becoming a major issue that China needs urgently to solve, which also original intention writing this paper.This paper mainly analyzes the European sovereign debt crisis's occurrence, development, reason and influence comprehensively, unifies general situation and existing problems of Chinese government debt, and make a thorough inquires into warnings which European sovereign debt crisis gives to China. The paper divides into five chapters:The first chapter, specifically introduce the background and significance of this article's topic selection, research content and frame, research ways as well as innovation and insufficiency. The second chapter defines related concepts and summarizes domestic and foreign theories. This chapter mainly classifies and explains the related debt's concepts systematically, sorts and elaborates domestic and foreign related debt's research. The third chapter states European sovereign debt crisis's occurrence and development. The article carries on qualitative analysis to the European sovereign debt crisis and introduces variation process of the sovereign debt crisis's occurrence and the development in detail. Using the graph to analyze countries' debt restraint target. The sixth chapter The fourth chapter analyzes the European sovereign debt crisis's occurrence reason and influence. Deeply analyzes the reasons that the European sovereign debt crisis occurred, as well as various influences which crisis produced to Europe and the world. The fifth chapter shows the enlightenment of European sovereign debt crisis to China debt management. First introduces the history and situation of Chinese government debt scale and elaborates the existing problems of Chinese government debt. Next, seeks countermeasures of solving sovereign debt crisis from Europe's angle and proposes the enlightenment of Chinese government debt management.