A Study On The European Sovereign Debt Crisis Evolution And Solution

In2007the United States sub-loan crisis triggered the outbreak of the global financial crisis, the global economy into recession stage. All the countries in the world in the face of this sudden crisis, have adopted economic stimulus plan, basically reversing the situation of the global economic downturn. Until the end of2009, China implemented a4trillion economic stimulus plan and first to achieve a rebound, the world’ major economies are recovering growth. However, the global financial crisis is not over, sovereign debt crisis is associated with financial crisis’s footsteps coming. From Mexico and Brazil financial crisis in1982to the Asian financial crisis in1997, from the1998Russian financial crisis to the crisis in Argentina in December2001,from the2008crisis in Iceland to Dubai crisis of2009to the euro area sovereign debt crisis in2010,with the debt crisis of the past usually occurred in the private sector and developing countries, the Greek crisis as the representative of the European sovereign debt crisis occurred from the private sector to the public sector, from emerging economies to developed economies. Therefore, how to evolute the euro area sovereign debt crisis, as well as causes, impact, rescue measures and solutions are worth our study.According to the European debt crisis and evolution as the research object, there is some system’s research on the causes, impacts, rescue plan and it’s enlightenment to China. This paper consists of six chapters, elaborated the European sovereign debt causes, effects, effects, relief measures, solutions and its enlightenment to China.The first chapter mainly introduces the research background and significance, research methods and ideas, innovation and insufficiency, as well as the European sovereign debt crisis causes, impacts, and it’s enlightenment to China. The second chapter elaborated the European sovereign debt crisis theory, namely the sovereign default behavior theory and sovereign debt default incentive theory, as well as the financial crisis and monetary crisis theory. The third chapter describes the evolution and influence of the European sovereign debt crisis. The fourth chapter is the evaluation of the European sovereign debt crisis of the existing relief measures, and summed up the three ideas to solve the debt crisis. The fifth chapter is about European sovereign debt crisis solution thoughts and ideas, mainly divides into short, medium and long term program. The sixth chapter discusses the inspiration of the European sovereign debt crisis on China, mainly reflected in the adjustment of industrial structure, improving the RMB exchange rate formation mechanism, the importance of public debt management and active participation in the reconstruction of the international monetary system.