| First of all, this study represents a theoretical analysis of the impact of European Economic and Monetary Union and the European sovereign debt crisis on trade relations between China and African Countries of the Economic and Monetary Union; Community of Central Africa (CEMAC). As a result, the deep global economic downturn whose epicenter was in the United States, the collapse of the real estate market or the subprime crisis, this has affected the real estate sector and then the global financial system Secondly, this crisis has resulted in Europe, by the weakening of banks in the European Economic and Monetary Union, or the European zone (EU) as well as the worsening of conditions on the national debt repayment process. The weakening of the standard of living in Greece; in Portugal and Spain; the Interbank liquidity drying; European banks response to the financial crisis, posed the problem of the cyclical functioning in these economies.Moreover, the European Union sovereign debt problem and its increasingly state pose a threat to (CEMAC) countries which fear negative economic and monetary impacts on their younger and growing economic and monetary community; due to the existence of monetary ties passed on the fixed exchange rate between the European Union (EU) currency (EURO) and the African Community (CEMAC) currency (XAF), established in 1998’after the integration of France in the European Union Community. The European Council decided the creation of the relationship between EURO; XAF and Comorian francs; fixed exchange parity was established at: 1 EURO equals 655.957 XAF2.Finally, this prospective research topic aims to analyze the impact of the European sovereign debt crisis spreading from Europe and throughout the Central African countries in the process of the Central African Economic and Monetary Community (CEMAC) in partnership with China. |
