| Birth dated from1999, the euro is only12years old, but has quickly become the secondlargest international currency after the U.S. dollar. The financial crisis originated in the U.S.once provide the opportunity to further enhance the status for the euro. With the euro is strong,all the way hot euro assets, the sound of the euro to the U.S. dollar challenge prevalent on theoccasion of the euro10years of age. However, a debt crisis in Greece but the end of the goodmomentum. In2009, the countries are still worried about the global economy after themortgage crisis bottoming.2010, countries began to worry about the problem of global deficit.From Dubai to Greece, from Greece to the euro zone, a huge deficit from the UK to the USA,Europe and the United States of the core countries of the developed economies, like thedevelopment of chronic malignant "tumor" erosion of the global economy has not fullyrecovered. European debt crisis can be said to be a continuation of the international financialcrisis erupted in2007and upgraded. The first stage of the crisis of the mortgage crisis in theUnited States, the current debt problem belongs to the second phase of the crisis, it seems thecrisis from the micro level of consumers and businesses spread to the macro level of thegovernment, its severity for the parties speaking evident. This also confirms the "after thefinancial crisis, there must be a universal law of the financial crisis, at least in Europe, isapplicable. In October2010, the Greek sovereign debt crisis, the Greek government profligacy,high fiscal deficits lead to a serious debt crisis. Greece is the first domino fall in the debt crisis.Followed crisis spread from Greece to Ireland and Portugal, and at any time may be draggedinto the water to Italy and Spain, the European debt crisis intensified. European sovereigndebt crisis, the euro area member states unanimously adopted a three-year plan to provide80billion euros in bilateral loans for Greece rescue the bond market, through these initiatives. Inorder to save the crisis, the European Central Bank has tried by all means, not long ago, theyused a new method for the national debt of the heavily indebted countries, and is a marketinvestment, buy, thereby reducing economic fluctuations in the market as a whole. In the face of such an approach, some experts are skeptical that they can not be long-term andfundamental solution to the problem, Clearly, however, the current euro crisis a turning pointin the hope to enhance the people’s confidence in the economic recovery. ECB withoutdeparting from the premise of its price stability objective, take the home team and themeasures in a bid to stabilize financial markets and to promote economic recovery. But thedebt crisis has not only hit the European economy, a negative impact to the recovery of theU.S. economy, the impact on China’s economy should not be underestimated.At present, China’s strong economic rebound, the national debt and budget deficit are farbelow the internationally recognized risk critical point, but there are some development thereare some local governments blindly debt, the phenomenon make ends meet. And China’seconomy has gradually integrate into the globalization of world economy, changes in theworld economy emerged largely by China’s economic development and change. NationalDevelopment imbalances within the euro zone, part of the country’s declining competitivenessand excessive debt caused by the debt crisis. European debt crisis on China’s exports, foreignexchange reserves management and market supervision, and many other far-reachingimplications. Innovation is the driving force for ensuring the stability and development of thenational economy, this is a profound revelation from the European debt crisis. China shouldprevent the adverse effects debt crisis, at the same time to seize the opportunity to contributeto the transformation and development. More restore Therefore, pay close attention to thetrend of the debt crisis in Europe, actively studying countermeasures, has a very importantpractical significance to face the challenges of economic globalization together regionalintegration in the economic transition, China has yet to experience similar to the developedcountries of the economic crisis and the financial crisis, but as a large developing country,eventually to become powerful, we must conscientiously study and learn from the experiencesand lessons of the developed countries, to maintain stable development of their own and beprepared to plan ahead. Financial crisis has occurred, its impact is enormous, and we aresupposed to learn from it, not only to analyze the reasons and process it produces, but also theunderstanding of the full range of those a basis for policy-making, thereby effectively for ourcountry, the economy took to the prosperity of the road.This article first briefly introduce the knowledge of the sovereign debt, then the origin of the European sovereign debt crisis, because of the European economy, the world economyand the impact of China’s economic to do the analysis and presentation of the focused. Finally,the various effects of the European sovereign debt crisis on China’s economy, on the basis ofabsorbing the lessons of the European debt crisis, according to China’s economic developmentand the status quo proposed the corresponding countermeasures to reduce the debt crisis onChina’s economy negative impact, to ensure that our economy can maintain a stable andsustainable development. Fight for global economic stability, the countries of the world havecontributed to the financial crisis. Any country should unite, sincere cooperation, to jointlysolve the crisis. The downturn in the economic situation requires the joint efforts of theinternational... |
PDF Full Text Request