Research On The European Debt Crisis And Rescue Path On The Perspective Of The Trade And Investment Between China And Europe

The European debt crisis does not satisfy all countries under the rescue of "troika" in the condition of tighter fiscal, we all know that the basic deficiency of "dual sector" between fiscal and monetary, but reach the fiscal unification is the last object. However, in the middle long period, common bonds can be adopted in the middle and long term, which was put up by the European Commission, the insider rescue start with the game between the debtors and creditors. External bail-out will start with Europe "Juncker plan" docking with China’s "one belt,one road", which will bring the China and Europe economic development to wider space and more opportunities and promote Chinese investment to Europe. Under these economic conditions, finds out the rescue path in euro zone to solve the sovereign debt crisis based on the basis of Euro fermentation and European debt crisis. Under the framework of Sino-European economic cooperation, does experimental analysis of the relationship on trade and investment between China and euro zone countries and analyses the transmission mechanism of interaction between trade and FDI, picks the panel data about three variables, which including the trade、FDI and GDP growth index, between China and the eighth euro zone countries from the year 2008 to 2014, uses PVAR estimation to analyses dynamic relationship between trade and FDI between China and euro zone, revealing the affected direction and strength between trade and FDI and revealing the leading role to the economic growth of euro zone countries. Comes to illuminating conclusions based on the above analysis and puts forward relevant policy suggestions on the European economic recovery and further economic cooperation.Specific research ideas and research results are as follows:Chapter one, starts with the selected topic background and research significance, puts up with the research methods and main content through the review of related literature at home and abroad research, finally puts forward possible innovation points.Chapter two, to find rescue path inside the euro zone. From the perspective of six countries, such as Greece, to plot the Euro zone crisis, finds the relief way of "troika" assistance and debtors tighten fiscal to rescue the effect of the crisis is not satisfactory. This paper starts from the long way to analyses, in the middle long period, common bonds can be adopted in the long time, euro zone must achieve the fiscal unification. Then uses a subgame perfect Nash equilibrium model to show the game paths. From the long run analysis we can see, Cooperation is the best way. It is not only a condition to the birth of EU, but also a strong tool to give away this crisis, moreover, which is the best way to make Europe stronger and richer in the eye of the game.Chapter three and chapter four, to find a outsider rescue path---the path on the cooperation of Sina-European economic. By the analysis of interaction transmission mechanism and the developing Situation among trade、FDI and crisis. Under the dual effects of challenges and opportunities, using Stata software, establishes panel vector auto regressive (PVAR) to show the relationship among of trade and FDI occurred to China and Euro zone countries and the growth index of GDP. The results of researching show that Euro zone encouraging the import from China and compelling the residual capital to invest to China that can promote the exponential in euro zone countries, so strengthening trade and investment cooperation between China and European is advantage to the economic recovery and growth in euro zone.Chapter five tells us that trade and investment between China and Europe has a favor to European recovery from debt crisis, so we can conclude that the rescue path cannot be stand without the cooperation from inside and outside of euro zone. Inside view, even if the euro zone debt exist conflict on interest in the both sides, from the game process and the result can also be concluded that cooperation is the powerful tools for rescuing the economic crisis, which is the best choice of the European to rich and strengthen the euro. Outside view, strengthening European and Chinese trade and investment cooperation is helpful to realize the economic recovery. And Europe runs healthily that is also conducive to the development of China’s foreign trade and investment, and then further China-Eu cooperation, realize the common prosperity of Sino-European.